NEW YORK, Oct. 24, 2018 /PRNewswire/ -- Cornerstone Capital Group ("Cornerstone"), an SEC registered investment advisor that pursues financial returns alongside social impact by incorporating environmental, social, and governance (ESG) analysis into portfolio design, today announced the appointment of Alexander Navab to its Board of Directors. Navab is the former Head of the Americas Private Equity Business at Kohlberg Kravis Roberts & Co (KKR), and has deep global experience in private equity, mergers and acquisitions, and corporate finance.
"We are thrilled to welcome Alex to our Board given his exceptional accomplishments as a business leader and board director in both the private and nonprofit sectors," said Erika Karp, Founder and CEO at Cornerstone. "Investing to optimize both financial returns and societal impact represents an enormous global opportunity. Alex will leverage his years of financial markets and philanthropic experience to help advance Cornerstone's mission to drive sustainable and impact investing into the mainstream of the capital markets."
Navab joined KKR in 1993, and held positions of increased responsibility during his 24 years at the firm. He was previously with James D. Wolfensohn Incorporated where he was involved in mergers and acquisitions as well as corporate finance advisory work. He started his career in investment banking at Goldman, Sachs & Co. Navab received a B.A. with honors, Phi Beta Kappa, from Columbia College, which awarded him the John Jay Award for distinguished professional achievement in 2011. He received an M.B.A. with High Distinction, and was a Baker Scholar, at Harvard Business School. He was awarded the Ellis Island Medal of Honor in 2016. Navab currently serves on the Board of Directors of Fidelity National Information Systems, Inc. (FIS).
"Cornerstone has a unique mission and market position. Sustainable finance and ESG governance concerns and analysis continue to gain momentum throughout the financial services industry, and rise in importance as a consideration for institutional and individual investors," stated Navab. "This is an exciting time for Cornerstone, and I am pleased to join the Board and to work with my fellow directors as the company continues to demonstrate significant industry leadership."
Navab is an active philanthropist, deeply involved with a number of educational and community organizations. He serves on the Board of Directors of The Robin Hood Foundation, as a member of the Board of Trustees of New York-Presbyterian Hospital and Columbia University, and as a member of the Council on Foreign Relations.
Founded in 2013, Cornerstone Capital Group is a financial services firm based in New York. The mission of the firm is to optimize financial performance and social impact through rigorous research and the systematic integration of Environmental, Social and Governance (ESG) factors into portfolio design. In offering investment advisory and strategic consulting services, Cornerstone works with individuals, family offices, foundations and endowments, corporations and other financial services providers, and promotes new research in the field of ESG analysis.
M Group Strategic Communications
SOURCE Cornerstone Capital Group