The Global Head of Asset and Wealth Management

Read the comic strip and full story below!

Cecilia, a seasoned asset manager, was recently promoted to lead SIB’s (Super International Bank) Global Asset and Wealth Management division. One of the key reasons for which Cecilia was appointed to the job was the comprehensive business plan she pitched to the board supported by an anchor target to reach 40% of total Assets Under Management (AUM) in sustainable funds by 2026.

Cecilia separately secured senior management’s approval to shift from the existing (slow developing and cost inefficient) proprietary ESG methodology to a third-party sourced data model, while still maintaining ESG capabilities in-house to interpret the data, amongst other things, to better accommodate for investors’ and regulators’ requirements. A Request for Proposal (RfP) was subsequently released.

The RfP to external ESG and impact data providers gave a high level overview of SIB’s objectives and defined targets but bidders were also invited to think out-of-the-box.

When asking Cecilia what made the difference, she said:

“…we eventually shortlisted 3 bidders, all of which had strong credentials, but decided to mandate impak Analytics, in particular for the following:

the firm’s transparent, reliable, consistent and open-source impact methodology…compared to others which were somewhat vague and opaque ;

its in-depth impact assessments which encompass ESG, double materiality, positive impacts and data contextualization…whereas most competitors focus on ESG and mitigants to negative impacts only;

its 360° scope on all of the 17 SDG’s…whilst most competitors focus on selected S or E matters only;

the firm’s business model based on a mix of human expertise and technology, and the quality of its impact analysts…versus inconsistent solutions driven solely by AI;