Money Management

LGIMA appoints leader for sustainable investment

John Hoeppner was named head of U.S. stewardship and sustainable investments at Legal & General Investment Management America, a spokewoman said.

It is a new position. Mr. Hoeppner, who started last month, will work with the firm's U.K. affiliate, LGIM, to build on its environmental, social and governance capabilities and help meet the increasing demand for ESG investing in the U.S., the release said.

Mr. Hoeppner is reporting to Aaron Meder, CEO of LGIMA.

Previously, Mr. Hoeppner was vice president of impact investing at Mission Measurement, a social-sector data firm. A Mission Measurement official could not immediately be reached for information on a replacement. He also held senior product positions at UBS Asset Management and Northern Trust Asset Management before joining Mission Measurement.

Legal and General Investment Management managed more than $10 billion in global ESG assets as of June 20, a spokeswoman said.