Money Management

BNP Paribas Asset Management brings on Jane Ambachtsheer as global head of sustainability

Jane Ambachtsheer will join BNP Paribas Asset Management as global head of sustainability, a spokesman confirmed.

Ms. Ambachtsheer, who will start Aug. 27, will be based in Paris and report to Frederic Janbon, CEO and head of investments. She fills the role of Gaetan Obert; a spokesman said Mr. Obert died in May.

She will be responsible for the firm's overall approach to sustainability. Alongside Helena Vines Fiestas, deputy head of sustainability, Ms. Ambachtsheer will lead sustainability-related research; environmental, social and governance integration; engagement; advocacy; and governance. She will also manage the €568 billion ($667 billion) money manager's overall corporate social responsibility efforts. As of Dec. 31, the firm managed about €35 billion of assets in sustainable and responsible investment strategies.

Ms. Ambachtsheer was partner and chairwoman of responsible investment at consultant Mercer. A Mercer spokeswoman said Ms. Ambachtsheer's position as chair will not be filled. Helga Birgden, who was named global business leader for responsible investment in 2015, will continue in that role. The current team structure will remain, with regional representatives in Europe, Australia, Canada and the U.S.

Ms. Ambachtsheer was also a consultant in the development of the United Nations Principles for Responsible Investment and is involved in a number of industry initiatives, including as a member of the Financial Stability Board's Task Force on Climate-related Financial Disclosures.