Calvert hires head of institutional business

Von Hughes most recently was a partner at Paamco Prisma

Calvert Research and Management has hired a leader for its institutional business, the company announced Thursday.

For the new position, the firm brought on Von Hughes, who most recently was a partner at Paamco Prisma, where he served as global head of strategic advisory and client acquisition.

Hughes, who’s based in New York City, reports to Calvert CEO John Streur.

His responsibilities include “expanding Calvert’s institutional offering, cultivating deeper partnerships across the institutional marketplace, evaluating the growth prospects for new products and services and broadening Calvert’s impact through educational initiatives,” the company said in its announcement.

“Von is an accomplished leader and established expert in corporate governance and pensions and has a track record of success building and shaping institutional platforms,” Streur said in the announcement. “His deep experience in the asset management industry extends across disciplines and uniquely positions him to advance Calvert’s global leadership by delivering impact alpha through the framework of Calvert’s Principles for Responsible Investment as investor needs evolve.”

The need for the new leadership role follows increased demand for responsible investing, particularly among institutional clients, the company said. Recently, Calvert has expanded its core research and management teams, and has introduced investment strategies to the European market, it noted.

Prior to his work at Paamco Prisma, Hughes was a vice president at Goldman Sachs in the equity capital markets group. He is also an adjunct professor at Columbia Business School, teaching a course in public pensions and retirement security.