Neuberger Berman has appointed Jonathan Bailey as head of Environmental, Social and Governance (ESG) investing.
Based in New York, he reports to Joseph Amato, president of 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.
Also will he chair the firm’s ESG investment advisory committee.
Bailey joins Neuberger Berman from think tank Focusing Capital on the Long Term (FCLT Global). Before that, he was an associate partner at McKinsey & Company, advising pension plans, asset managers and other finance institutions on a range of issues related to investment strategy, organizational structure and ESG integration.
Bailey also worked on sustainability and governance investment projects for former vice president Al Gore as well as former British Prime Minister Tony Blair.
“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,” said Amato.
Dik van Lomwel, head of EMEA and LatAm commented: “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.”