Neuberger Berman has appointed Jonathan Bailey as head of environmental, social and governance (ESG) investing.
Bailey is based in New York and reports to Joseph Amato, president, Neuberger Berman.
In this role, Bailey will work with the firm’s investment teams and research departments to further incorporate ESG principles into the equities, fixed income and alternatives platforms. He will help portfolio managers consider ESG as part of their analytical approach to evaluating companies and markets. He will also chair the firm’s ESG Investment Advisory Committee.
“As a firm, we have a deep history in ESG investing, going back to our first application of ‘avoidance screens’ in the 1940s to the launch of our Socially Responsive Investment team in 1989,” says Amato. “Jonathan will enhance our capabilities even further across our investing platforms, as demand for ESG strategies rise globally.”
Bailey joins Neuberger Berman from think tank, Focusing Capital on the Long Term (FCLT Global). Prior to joining FCLT Global, he served as associate partner at McKinsey & Company, advising pension plans, asset managers and other finance institutions on a range of issues related to investment strategy, organisational structure and ESG integration. Previously, Bailey worked on sustainability and governance investment projects for former US Vice President Al Gore and former British Prime Minister Tony Blair.
Dik van Lomwel (pictured), head of EMEA and LatAm, says: “ESG is an important theme across our client base so I am thrilled about Jonathan’s arrival, particularly in light of his experience working with a number of sophisticated institutions in the region on this topic.”