Newly merged alternatives firm AltamarCAM Partners is building up its ESG team. This comes as the firm begins implementing a three-year ESG “action plan”, the firm announced.
- Jörg Höller has been appointed chief ESG officer. Höller was previously the Cologne office’s chief ESG and risk officer, having joined CAM Alternatives in 2013.
- Miguel Zurita, co-head of private equity, has been appointed chair of AltamarCAM’s ESG committee.
- Irene Rodríguez Sánchez has joined the firm as ESG vice-president.
AltamarCAM has some ESG initiatives in the works, according to its statement: “At a strategic level, a three-year action plan has been approved by the board of directors, covering AltamarCAM’s entire ESG framework. Some of the actions have already been launched, such as a preliminary correlation analysis between portfolio returns and ESG performance, which has shown very promising initial results regarding the link between good ESG performance and investment returns.”
Rodríguez Sánchez “is in charge of the execution of the ESG strategy” and Zurita “will ensure that the investment teams actively contribute to the increasing relevance of ESG principles in investment decisions”, the statement continued.
AltamarCAM was formed in 2021 from a merger between Madrid-headquartered Altamar Capital Partners and Cologne-headquartered CAM Alternatives. The firm closed ACP Secondaries 4 at €1 billion in January.