La Jolla, California-based ESG management adviser Malk Partners has hired a CEO, the company announced Tuesday.
Max Hong, who was previously operating partner at Crosspoint Capital Partners, is assuming responsibilities at Malk from founder Andrew Malk, who is moving to a role as executive chairman at the firm. Andrew Malk had led the firm since its establishment in 2009.
The company advises on more than $500bn in assets under management and provides ESG consulting services to alternatives managers globally.
“Hong’s appointment positions the firm to capitalize on the most powerful trends shaping global finance, while enhancing Malk Partners’ best-in-class advisory services for clients’ rapidly evolving needs in the ESG and impact space,” the company stated in its announcement.
“It also comes as responsible investing is being quickly embraced throughout private equity and private credit and as more clients are demanding the expertise and singular ESG focus that the firm has pioneered.”