Abu Dhabi’s $232 Billion Mubadala Is Hiring for Its New ESG Unit - Bloomberg
Abu Dhabi’s Mubadala Investment Co. is looking for top talent to join a standalone unit it created to focus on environmental, social and governance goals.
The $230 billion wealth fund is hiring two senior bankers to help evaluate ESG-related risks and opportunities for existing and new investments, according to a job advertisement on Linkedin. Derek Rozycki, who has over 15 years of experience at the fund, has been appointed to lead the division.
A Mubadala spokesperson didn’t immediately comment when contacted by Bloomberg.
Although the adoption of sustainable-investing practices is increasingly central to asset allocation and corporate decision making, many wealth funds have lagged on ESG standards. A report by the International Forum of Sovereign Wealth Funds last month found that only 30% of a group of 34 responding institutions had more than 10% of their portfolios invested in climate-related strategies.
No comments:
Post a Comment