OppenheimerFunds appoints Shah as head of sustainable investing

By Sarah Lizee

Olympia, Wash., Dec. 5 – OppenheimerFunds appointed Aniket Shah as head of sustainable investing, according to a press release.

Shah will be responsible for working with the firm’s portfolio managers and investment product specialists to further integrate sustainable investing practices across all aspects of the firm’s business activities to better serve investors.

He will report to Sharon French, OppenheimerFunds head of beta solutions.

“As investor demand for sustainable investing strategies continues to rise, expanding our ESG capabilities to further meet client needs remains an ongoing strategic priority for the firm,” Art Steinmetz, chairman and chief executive officer, said in the release.

For the last three years, Shah was head of financing for sustainable development for the United Nations Sustainable Development Solutions Network, where he was responsible for working with governments, investors, corporations and non-governmental organizations on ESG integration and sustainable development financing issues.

Before that, Shah was part of Investec Asset Management’s global multi-asset investment team and was a senior member of the firm’s investment institute.

He has also been program manager and special assistant to the director at the Earth Institute at Columbia University and is currently a senior fellow at the Columbia Center for Sustainable Investing and chairman of the board at Amnesty International USA.

“As sustainable investing continues to establish itself as a critical investing channel for a growing number of clients, developing a framework to implement sustainable practices throughout the firm has become increasingly important to our success in ESG,” French said.

“[Shah’s] depth of expertise, diverse global public and private sector background and extensive knowledge of sustainable investing dynamics will significantly advance our position with clients and better orient us for growth in sustainability going forward.”

OppenheimerFunds is a global asset management firm based in Denver.

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