Adam Seitchik was appointed as managing director at Auriel Capital Management, responsible for developing customized environmental, social and governance strategies for institutional investors.
The position is new. Mr. Seitchik said in an interview that hell work with investors in North America and Europe to find ways of translating the robust data sets and research available into potential return generators.
ESG is no different from any other financial factors, said Mr. Seitchik, whose firm has about $500 million in assets under management in absolute-return strategies. We think of (ESG) factors not as ethical issues, but as financial drivers.
Since the United Nations Principles for Responsible Investment was launched in 2006, more institutional investors have been looking to integrate ESG factors into their investment analysis and processes, he said.
Mr. Seitchik had been CIO at Trillium Asset Management. He was replaced by Stephanie Leighton, director of equity research, who became CIO, and Farnum Brown, portfolio manager, who assumed the chief investment strategist duties that Mr. Seitchik also had.