Man Group has announced the appointment of Robert Furdak as chief Investment officer for Environmental, Social and Governance (ESG), a newly-created role to further bolster the firm's broader commitment to responsible investment (RI).
Based in Boston, Massachusetts, Furdak will report to Sandy Rattray, chief investment officer of Man Group.
Furdak will lead the firm's RI initiatives across Man Group's five specialist investment engines, ensuring collaboration across research efforts and investment solutions. His responsibilities will also include working with external asset owners to help them develop and analyse ESG policy and implement solutions, advancing Man Group's stewardship and corporate engagement efforts and playing an active role in promoting RI and ESG across the industry. He will also chair Man Group's Responsible Investment Committee.
He most recently served as co-chief investment officer of Man Numeric, the firm's fundamentally driven quantitative investment business, as well as chairman of Man Numeric's Investment Committee and head of Man Numeric's US/Global Group. During this time, he led the development of Man Numeric's proprietary ESG model and drove the integration of ESG across Man Numeric's investment strategies. Currently 90% of its assets incorporate the ESG factor. He also helped develop Man Group's proprietary ESG dashboard tool, Man Group ESG Analytics, which launched in 2019.