Storebrand Asset Management, Norway’s largest private asset manager, announced today that it has hired Kamil Zabielski as its new Head of Sustainable Investments.

Storebrand Asset Management CEO Jan Erik Saugestad said:

“We are very pleased to have Kamil on the team. He brings valuable experience in sustainable investments and ESG as he joins as the new leader of the team. His international experience will be very valuable as Storebrand continues to strengthen its position outside the domestic markets in Norway and Sweden.”

Zabielski joins Storebrand after more than ten years working at GIEK, the Norwegian Export Credit Guarantee Agency, where he served most recently as Head of the Sustainability Team. He also worked for the Norwegian Ministry of Finance in the role of Senior Executive Officer – Human Rights.

Zabielski said:

“Storebrand has over the years established itself as a Nordic leader in sustainable investments and is in a position to grow further. The team I become part of is very competent and experienced, so I look forward to getting started.

“The work with sustainability is undoubtedly more relevant than ever. Interest in sustainable investments is increasing among both private individuals and professional investors, as well as regulators and companies themselves. In addition to solid knowledge of sustainability, this requires continuous innovation and new thinking.”

Storebrand has been a leading voice among investment managers in promoting sustainability and using its position to effect change. In June 2020, for example, the firm led a group of 30 investment managers to demand action by Brazilian authorities towards ending deforestation. In August 2020, the firm unveiled a new climate policy, pledging to make investment decisions aligned with scientific consensus on climate change, and to reorient capital flows towards low-carbon, climate-resilient and transition companies, while avoiding investments that contribute heavily to climate change.

Saugestad added:

“For us, sustainable investments are about long-term value creation that takes into account several stakeholders. It is about good, active exercise of ownership on your own and in collaboration with other investors and authorities nationally and internationally. Storebrand has more than 25 years of experience in this area. Our policy for sustainable investments applies to all our investments and companies.”