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Disinvestment or engagement?

Tuesday 21 September 2021 16:00 - 17:00

Chaired by Lucy Saye, join a panel of life insurance asset owners and asset managers as we discuss the merits of disinvestment and engagement when considering the integration of ESG in investment decision making. We will consider practical application as well as the implication of regulatory regimes.

Speakers

Cléo Fitzsimons, Pension Insurance Corporation

Cléo Fitzsimons is Head of Responsible Investing at Pension Insurance Corporation (PIC). Cléo leads PIC’s Environmental, Social & Governance (ESG) efforts and is a member of the Investment Team. She is responsible for integrating ESG into the investment process, assessing ESG opportunities, embedding ESG into the overall investment strategy, and ensuring PIC is an active member of the sustainable financial industry.

Prior to joining PIC Cléo spent 10 years in the Asset & Wealth Management industry. She holds a dual Master's degree from the London School of Economics and ESADE business school in Barcelona and a First Class Honours business undergraduate degree from Concordia University in Montreal. Cléo is a Chartered Fellow of the Chartered Institute for Securities & Investments (CISI) and holds the Investment Management Certificate awarded by the CFA Institute.

Emily Penn, LV=

Emily is Capital and Investment Director at LV= with responsibility for investment strategy and oversight, capital & liquidity management, ALM, and unit pricing.

She has led a number of award-winning, transformational capital projects including the reinsurance of a £1bn with-profits deferred annuity book and de-risking of the company’s staff pension schemes. She has been instrumental in the re-launch of LV=’s flagship Smoothed Managed Fund range with the execution of a diversified strategic asset allocation. She has also designed and implemented LV=’s responsible investing framework and more recently has played a leading role in the transaction with Bain Capital. Prior to LV=, Emily was Head of UK ALM Advisory at RBS working with insurers to structure innovative ALM and capital solutions. Emily is a qualified actuary with a 1st Maths from Oxford. She was recognised by InsuranceERM as Young Risk Actuary of the Year, 2016.

Matthew Roberts, Fulcrum

Matthew is Head of Fulcrum Alternative Solutions and Chair of Fulcrum’s Responsible Investment Committee. His responsibilities include managing a range of pooled funds (including Fulcrum’s Diversified Liquid Alternatives fund) and bespoke solutions for clients. Before joining Fulcrum in 2018, Matthew had been a Portfolio Manager for the Towers Watson Partners Fund at Willis Towers Watson since 2014 and before that a manager researcher in fixed income, hedge funds, and other alternatives since 2005 (also at Willis Towers Watson). Matthew holds a BSc in Economics and Finance (2005) from the University of Bristol. He has been a CFA charter holder since 2009.

Kaboo Leung, PIMCO

Kaboo Leung is a vice president and ESG engagement analyst in the London office, focusing on active engagement with corporate issuers across sectors and topics. She also contributes to ESG engagement tracking and reporting and helps ensure engagement insights inform credit research and investment decisions. Prior to joining PIMCO in 2020, she worked in the sustainability advisory field with Navigant, S&P Trucost, and the Climate Bonds Initiative in the U.S., Hong Kong, and the U.K., helping issuers improve their sustainability practices related to climate risk, scenario analysis, science-based target setting, and supply chain ESG risks. She holds a master's degree in environmental economics and climate change from the London School of Economics and an undergraduate degree from the University of Washington.

Chair: Lucy Saye, Actuary - climate risk & opportunities project at Aviva

Lucy is an Actuary working on climate risk & opportunities projects at Aviva. Lucy is a member of the IFoA's sustainability board and has recently hosted several Sustainable Development Goals (SDG) podcasts, a series that explores the Sustainable Development Goals and the role that actuaries can play in achieving the 2030 agenda