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ESG firm enters Aus, NZ with local partnership

— 1 minute read

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. 

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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.

 

ESG firm enters Aus, NZ with local partnership
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Sarah Simpkins

Sarah Simpkins

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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