Ludovic Theau was appointed chief investment officer of Sydney-based Australian Ethical, among several other senior additions to the firm.
The investment manager, which manages over A$8 billion ($5.3 billion) in assets across managed funds and its superannuation plan, also appointed a new deputy CIO, head of impact and ethics, and ethical futures lead.
Mr. Theau's new role will start on April 3, the fund said in a statement on Tuesday.He replaces David Macri, who left the role in September.
He was most recently the CIO of the A$30 billion Clean Energy Finance Corp., a state-owned bank that invests and facilitates investments into clean energy projects. In response to questions about his departure and replacement, CEFC said in a statement that to reflect the complexity of the firms investment ambitions, the CEFC has three CIOs to cover different areas: Monique Miller, CIO for renewables and sustainable finance; Rory Lonergan, CIO for alternative investments; and Paul McCartney, CIO for clean futures.
Ms. Miller and Mr. Lonergan were promoted into their positions in January, while Mr. McCartney has held a joint CIO position since 2010, before transitioning into the clean future focus in 2019.
Mr. Theau was CIO at CEFC since 2013, before which he worked in several investment management and investment banking firms across Europe and Australia such as UBS, Macquarie Bank, BNP Paribas, Hastings Fund Management, Westpac Banking Corporation and ABN Amro.
He has experience in multiple asset classes including infrastructure, structured debt, public equities, private markets, private equity and venture capital, Australian Ethical said in the statement.
The firm also announced that John Woods, head of asset allocation, has been promoted to become deputy CIO and head of multiassets. He joined the company in May 2021. It is not immediately clear if this is a new or replacement role.
Also, Alison George will join Australian Ethical on May 1 as head of impact and ethics, a newly created role. She joins from responsible investment firm Regnan, where she worked for 12 years and was most recently the head of research. Pendal Group, of which Regnan is a part, did not immediately respond to a request for comment.
Lastly, Stuart Palmer, Australian Ethical's head of ethics research, has been made ethical futures lead, also a newly created role, where he will work on bespoke dedicated areas of research and analysis relating to ethical investing. He has been with the firm for nine years.
