Promethos Capital, a Boston-based ESG specialist, has expanded to the Australian and New Zealand markets with local third-party distribution company 3PD.
Promethos operates as an ESG manager offering global, multi-cap equity strategies, with goals such as amplifying diversity and climate resilience.
The US firm has chosen to be exclusively represented by 3PD, a recently founded company in the local market.
Promethos chief investment officer Ivka Kalus commented: “Over the last 20 years, I’ve observed the focus of Australian investors on ESG metrics and I believe our investment strategies align to their values.”
3PD co-founder Robert Harrison added he is “keen to represent pure play managers with specialised expertise in underserved, in-demand Australian investment segments”.
“Clients seeking ESG strategies will be interested in Promethos because until now they had to use opportunistic hybrids from mega-managers,” Mr Harrison said.
Ms Kalus launched Promethus Capital in April last year, after previously holding senior roles at Boston Advisors, Pax World Management, State Street and Baring Asset Management.
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Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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