Fiona Reynolds, CEO of the Principles for Responsible Investment, is leaving in January to become CEO of Conexus Financial, Australia's largest independent financial media organization.
Her new mandate with Conexus Financial will involve guiding the Australian investment industry to global best practice in sustainability, governance, retirement income policy and financial advice.
Ms. Reynolds has led PRI for nine years at a critical period of growth for sustainable investment. Under her leadership, the U.N.-supported network of investors has grown to more than 4,000 signatories with a collective $121 trillion in assets under management.
Now based in London, Ms. Reynolds will relocate to Sydney.
Before PRI, Ms. Reynolds spent seven years as CEO of the Australian Institute of Superannuation Trustees, where her advocacy for key policy changes twice earned her recognition by the Australian Financial Review as one of Australia's top 100 women of influence.
Reflecting on her Australian superannuation experience, Ms. Reynolds said in an interview that Australia was strong on the accumulation phase, but not on the retirement income side. "I am very interested in working with the government on that," she said.
Sustainable investing will remain an equally important mission for her. With Australia not yet committed to a net-zero transition, "there is work to be done," she said. "I do see it as a perfect opportunity to contribute to the next phase."
The PRI will launch a search for her replacement. "If you want to work in sustainability, it's the best job in the world," Ms. Reynolds said.
Conexus founder and CEO Colin Tate will become executive chairman, focusing on expanding global operations and improving domestic retirement outcomes through The Conexus Institute, a not-for-profit think tank.