WASHINGTON, May 10, 2016 /PRNewswire/ -- Arabesque Asset Management is pleased to announce the appointment of Barbara J. Krumsiek as a Non-Executive Director of the company.
Subject to regulatory approval, she will join Arabesque's Board alongside Non-Executive Chairman Dr. Robert G. Eccles and Vice Chairman Georg Kell.
A globally recognized leader in sustainable investing, Barbara Krumsiek's professional background spans four decades in the asset management field, including most recently as the CEO and Chair of Calvert Investments, Inc. During her tenure at Calvert from 1997 to 2014, Krumsiek helped to triple the firm's assets under management and developed Calvert Women's Principles, a global code of conduct adopted by the U.N. Global Compact and U.N. Women as the basis for the U.N. Women's Empowerment Principles.
She additionally served as co-chair of the U.N. Environment Programme Finance Initiative from 2010 to 2012, a partnership between the United Nations and 200 global financial institutions mandated to develop and promote the links between sustainability and financial performance.
Dr. Robert G. Eccles, Non-Executive Chairman of Arabesque Asset Management, said: "On behalf of the Board, I am delighted to welcome Barbara Krumsiek to Arabesque as a designated Non-Executive Director. The firm will greatly benefit from the vast level of knowledge Barbara brings on socially responsible investing, and from the depth of her experience on gender diversity."
Dr. Eccles added: "Barbara has shown unrivalled leadership over the years in helping to modernize socially responsible investing and in advancing women's empowerment globally. Her understanding of the material relevance of environmental, social, and governance (ESG) issues on financial performance is invaluable, and her unique skills and expertise are the ideal complement to an already exceptional team at Arabesque."
Launched in 2013 following a management buyout from Barclays Bank, Arabesque Asset Management has been built in partnership with world-leading universities in support of the principles of the United Nations Global Compact. The firm's quantitative investment process uses over 100 billion data points relating to nonfinancial environmental, social, and governance criteria; risk of fraud or other criminal activity; and financial stability, earnings momentum and market sentiment.
On today's announcement, Ms. Krumsiek said: "I am greatly looking forward to joining the Board of Arabesque as a Non-Executive Director at this exciting stage of the firm's growth. Arabesque's 'ESG Quant' investment model, which combines nonfinancial data with advanced quantitative strategies, is a powerful tool which represents the next generation of asset management. I believe that this style of investment can help firmly establish the business case for sustainability and, in doing so, secure a better future for generations to come."
Notes to Editors
Arabesque is the trading name of Arabesque Asset Management Ltd, a limited liability company registered in England and Wales at 68 Brook Street, London W1K 5DZ (no. 8636689), also operating through its branch, Arabesque Asset Management Ltd (Germany), registered in Frankfurt-am-Main at Zeppelinallee 15, 60325 Frankfurt-am-Main, Germany (no. 103816). Arabesque is authorized and regulated by the FCA (no. 610729) and registered with and regulated by the SEC (no. 801-107600). The German branch is supervised by the BaFin (no. 144965).
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SOURCE Arabesque Asset Management