Eoin Murray was named chief investment officer at nature-focused investment manager Rebalance Earth.
He will focus on designing, developing and delivering investment opportunities that link nature restoration with business resilience, a news release said.
The boutique money manager, which focuses on financing nature as business-critical infrastructure, plans to invest £10 billion ($13.1 billion) in restoring nature at landscape and seascape levels in the U.K.
The U.K. has an estimated £100 billion nature deficit — the investment needed to restore U.K. ecosystems — over the next decade, which Rebalance Earth said in the news release presents a significant investment opportunity. The firm is advocating for long-term asset owners to allocate 2% of their assets to nature restoration, targeting flooding, drought, water quality, biodiversity and carbon capture.
“We are thrilled to have Eoin join our team at such a pivotal time,” CEO Rob Gardner said in the release. “His expertise will bolster our efforts to establish nature as business-critical infrastructure to help companies, communities and cities become more resilient to the impact of climate change and nature loss.”
Murray is also involved in the SEED Biocomplexity Index, which can be used by companies to measure and report on biodiversity impacts. Further details were not immediately available. He is also pursuing a Ph.D. in nature and investment.
Rebalance Earth was co-founded by Gardner — who also co-founded U.K. investment consultant Redington — and Walid al Saqqaf in 2023. The £18 billion West Yorkshire Pension Fund, Bradford, England, took a minority stake in the firm last month.
Murray was head of investment at Federated Hermes. A spokesperson said he was not replaced, and the London investment teams now report into the global CIO of Federated Hermes.