November 15, 2018 / News

Mirova shuffles managers on sustainable funds

By Joe McGrath, ESG Clarity

Suzanne Senellart will focus only on the European Environmental Equity fund, while Amber Fairbanks joins the fund managers of the Global Sustainable Equity fund

Mirova shuffles managers on sustainable funds

Mirova, the responsible investment division of Natixis Asset Management, has announced that fund manager Suzanne Senellart is to focus solely on the company’s European Environmental Equity fund

Senellart, who was previously the head of SRI and thematic funds at Natixis Asset Management, has been with Mirova for nearly six years, but was previously also working as a co-portfolio manager on the company’s Global Sustainable Equity fund.

The firm announced that the newly appointed Amber Fairbanks has taken over as a co-portfolio manager for the Global Sustainable Equity fund, to allow Senellart to focus solely on the European fund.

Fairbanks joins from Boston-based Zevin Asset Management, where she was a portfolio manager and senior securities analyst, managing the institutional and retail assets within the company’s global tactical ESG strategy. She is a member of the Chartered Financial Analysts Institute (CFA) and the Boston Security Analysts Society.

In her new role, Fairbanks will join co-managers Jens Peers and Hua Cheng who have managed the company’s Global Sustainable Equity fund since its inception.

“Mirova’s substantial asset growth has given us the ability to add Amber to our US-based portfolio management team, while we further enhance our product line-up and continue working closely with our global sustainable investment teams,” Mirova’s CIO of sustainable equities and fixed income, Jens Peers, said in a media statement.

“We are excited to welcome Amber Fairbanks as a member of our growing US-based portfolio management team.”

Mirova operates in the US market through an agreement with Ostrum Asset Management. Mirova had $11.8 billion under management globally at the end of September, while Ostrum U.S. had $862 million as at the same date.