Wilmington Trust, a provider of wealth and institutional services for M&T Bank, announced the appointment of Steve Norcini to the newly created position of Head of Sustainable Investing. In his new role, Norcini will lead the team’s efforts to provide clients with sustainable investing solutions, in addition to his responsibilities as Senior Equity Portfolio Manager.
Norcini joined Wilmington Trust in 2016, and has led the firm’s proprietary ESG equity strategy offering since its 2019 inception. Prior to joining Wilmington Trust, he managed a long-short equity portfolio for a multibillion-dollar hedge fund that invests in multiple asset classes and strategies around the world, and was responsible for the development of various fundamentally based quantitative investment and hedging strategies for the fund.
Tony Roth, Chief Investment Officer for Wilmington Trust said:
“Steve’s expanded responsibilities strengthen our ESG and sustainable investment capabilities for clients who want to invest according to their values. We look forward to his ongoing leadership in this arena and as we continue our steady growth in the ESG space.”
“Sustainable investing is redefining what many investors mean by “long-term investing.” We believe the exceptional growth of sustainable investing has, in part, been a response to the flaws of short-term thinking. To achieve their goals, investors are recognizing the necessity of maintaining a longer investment horizon that includes the expected impact companies have on society. When done right, there may be no need for an investor to choose between investing according to their values and reaching their investment goals.”