New York-based asset manager Neuberger Berman has appointed Jonathan Bailey as its new head of environmental, social and governance (ESG) investing.
Jonathan Bailey joins Neuberger Berman from Boston-based think tank Focusing Capital on the Long Term (FCLT Global) to head up the investment manager's ESG team.
Mr Bailey, who is based in New York, will report to Neuberger Berman president Joseph Amato.
Before joining FCLT Global, Mr Bailey was an associate partner at McKinsey & Company where he advised pension plans, asset managers and finance companies on investment structure, organisational structure and ESG integration.
In the new role, Mr Bailey will "work with the firm’s investment teams and research departments to further incorporate ESG principles into the equities, fixed income and alternatives platforms", according to a statement by Neuberger Berman.
“As a firm, we have a deep history in ESG investing, going back to our first application of ‘avoidance screens’ in the 1940s to the launch of our Socially Responsive Investment team in 1989,” said Mr Amato.
“Jonathan will enhance our capabilities even further across our investing platforms, as demand for ESG strategies rise globally.”