New Forests hired Jeff Briggs as managing director for North America to lead on the overall strategy for the region, the firm announced in a statement on Thursday.
Mr. Briggs joined the firm on Wednesday, replacing Brian Shillinglaw who left in November to pursue other opportunities, a spokeswoman said.
Mr. Briggs will focus on delivering consistent and stable investment returns for clients, while contributing to communities and livelihoods, and the circular bioeconomy, the statement said. New Forests is a Sydney-based $7 billion investment manager that specializes in nature-based real asset and natural capital strategies.
Mr. Briggs will report to Mark Rogers, currently senior managing director for the U.S., Australia, and New Zealand, who will become CEO in April.
The statement also said that changes in the shareholdings of New Forests were finalized on Tuesday. On May 20, the firm announced that Mitsui & Co. would increase its shareholding to 49% from 23%, and that Nomura Holdings would purchase a 41% share in the company. The remaining 10% is retained by New Forests staff.
Mr. Briggs has over 30 years' experience in the investment, renewable energy, and agriculture sectors. He was chief operating officer of WasteFuel, a company that converts municipal solid waste into low-carbon fuels including renewable natural gas, and green methanol.