ESG talent war continues as Calvert grabs analysts

Asset managers are increasing the size of the ESG analyst teams as clients seek assistance for their sustainable investment approaches

Eaton Vance subsidiary Calvert Research and Management is the latest firm to splash out on in-house ESG talent, as investment groups continue to expand their sustainable analysis teams.

The company has recruited four new senior ESG research analysts as part of its commitment to sustainable investment analysis. Daniel Dorman, Hellen Mbugua, John Patrick Miller and Daniel Rourke will report to Jessica Milano, the director of ESG research.

Investment groups have been steadily increasing their the number of in-house ESG analyst roles in recent months as demand for sustainable strategies grows from their clients.

From November, Axa Investment Managers will have a new head of ESG research and engagement, having hired BMO’s Yo Takatsuki in September. At the same time, Swiss investment boutique Quaero Capital announced the hire of a new analyst from sustainable finance group Conser Invest. Two months earlier, Aviva Group announced the aggressive expansion of its Global Responsible Investment team with a host of new analyst hires.

Calvert’s new recruits are all experienced hires, having previously held roles at major finance institutions or within government.

Daniel Dorman joins from the US treasury department, having previously worked as an analyst at JP Morgan Chase. Hellen Mbugua joins from IFG Development Group, having worked previously at State Street.  John Patrick Miller joins from the Federal Energy Regulatory Commission and Daniel Rourke joins from the US Department of Agriculture, having previously worked in private equity.

“Our new senior ESG research analysts’ collective experience enhances our ability to identify the insightful indicators of performance, while seeking to drive positive change through responsible investing,” explained Calvert’s director of ESG Research, Jessica Milano.