Fidelity hires sustainable directors from M&G and Federated Hermes

Phil Cliff and Aaron Hay will be based in London

Fidelity International has appointed two directors based in London to its sustainable investing team.

Phil Cliff joins as director, sustainable investing, with a focus on climate integration, from M&G Investments, where he was head of climate. Cliff will develop Fidelity’s climate strategy and transition plan as well as its commitment to halve emissions across investment portfolios by 2030 and reach net zero by 2050. He will also oversee the firm’s climate reporting.

Aaron Hay takes on the director, sustainable investing role with a focus on ESG integration within Fidelity’s private credit strategies and has joined from Federated Hermes where he was responsible for investee stewardship, sustainable and impact investment strategy and implementation, and co-managing a growing sustainable fixed income team.

In his new role Hay will lead the development and execution of the sustainable investing strategy for Fidelity’s private credit capabilities, also leading on the firm’s stewardship and engagement activities in private credit.

Commenting on the appointments, Jenn-Hui Tan (pictured), chief sustainability officer at Fidelity International, said: “The sustainability landscape is evolving at an ever-increasing pace. In order to ensure we are at the forefront of this change we continue to invest in talent to drive innovation and best practice at Fidelity. Phil and Aaron have extensive experience in their respective fields of knowledge and will add bench strength to the ESG team’s existing deep global expertise.”