Jenn-Hui Tan was named the first chief sustainability officer at London-headquartered Fidelity International in a newly created position, the firm said in a statement Friday
Mr. Tan has been with Fidelity International, which has $744.8 billion in assets under management as of June 30, since 2007. He was most recently global head of stewardship and sustainable investing at Fidelity while based in Singapore.
In his new role, he will move from Singapore and be based in London; he retains the prior responsibilities of management of the sustainable investing team, with the additional responsibility of overseeing the corporate sustainability team.
Mr. Tan oversees the firm's execution of its sustainability approach, and is accountable for the firm's strategy, execution and governance in its sustainability efforts, the statement said.
There will not be a replacement for his previous role as he retains its duties, a spokeswoman said.
"As an active steward of capital, we consider the longer-term consequences of our actions in both financial and societal terms — setting ambitious sustainability goals at an enterprise level is a core part of our approach to drive positive change," said Andrew McCaffery, global CIO, in the statement.
"As the sustainability landscape continues to evolve in line with client and regulatory expectations, we believe it is important to have a single point of accountability across Fidelity to deliver a consistent, overarching sustainability strategy … across our full business operations," Mr. McCaffery said.
