EdenTree IM appoints new CEO
EdenTree Investment Management, a responsible and sustainable investment manager with a strong heritage of delivering profits with principles, has appointed Andy Clark as its new CEO.
In his new role, Clark will be tasked with leading EdenTree on its next phase of growth, as it seeks to expand its influence in the responsible and sustainable investment space.
Clark will take over from Sue Round, who has been fulfilling the role of acting CEO alongside her primary role as deputy chairman, from 14 September. He will also join the group management board of EdenTree parent company Ecclesiastical Insurance.
Round will remain within the business and continue in her role as deputy chairman – driving EdenTree’s leadership in the responsible and sustainable investment space, as she has for the last three decades. She will also continue to be the lead fund manager for the Amity UK Fund, which she has managed since 1988.
Clark brings more than two decades of investment management experience to the firm. Most recently, he was CEO at HSBC Global Asset Management (UK) for the last eight years. With Clark at the helm, the business grew through a particular focus on external distribution channels and building trusted partnerships with clients. This drove increased market share, placing HSBC in the top 10 of asset managers from 2017 onwards. Prior to holding the role of CEO, Clark was head of EMEA wholesale business at the firm. Clark was previously CEO and head of retail distribution at DWS Investments and worked as UK sales director for Fidelity International.
Mark Hews, group CEO of Ecclesiastical Insurance Group, says: “We are delighted to announce the appointment of Andy to EdenTree at this incredibly exciting time for the business and for the industry, with the tremendous growth in interest we are seeing for responsible and sustainable investing. EdenTree has led the market for more than 30 years under Sue’s guidance, and Andy was the stand-out candidate to take on the baton and embrace the future opportunities available to the business.”
Clark adds: “I am very proud to be joining EdenTree, which has been leading the market in responsible and sustainable investing for more than 30 years. What was immediately obvious to me was the strong culture at EdenTree of existing to contribute to the greater good of society. Not just in terms of investment strategy but also in its unique charitable ownership structure. This leads to a proven authenticity, which clients want to see from their investment manager. The business has set a strong growth mandate and I cannot wait to get started with my colleagues to ensure EdenTree continues to lead, innovate and grow.”