Golding Capital Partners, the Germany-headquartered private markets firm, has hired a full time ESG head to “act as beacon internally and externally”, the firm said on Thursday. Three points of interest:
- Golding is currently in the process of raising its first dedicated impact fund, having hired the founders of a private equity impact boutique, Sonanz, earlier this year to lead the effort.
- The new head of ESG for the firm is Christian Schütz, who previously spent 16 years at the investment management giant PIMCO. Schütz led PIMCO’s credit analysis team for the oil and gas sector, as well as undertaking various responsible investment initiatives. “He was largely responsible for defining the strategy to implement ESG criteria within active credit management operations,” said Golding in a statement. “As a member of PIMCO’s global sustainability initiative since its inception he was particularly involved with the analysis of climate risks and with climate and CO2 stress tests.”
- The firm described this hire (a newly created role) as the “next step”; Schütz will be a “central liaison officer” for the company’s sustainability goals both internally and for its investments.
- As well as its fledgling impact strategy, Golding invests client capital into private equity, private debt and infrastructure. The firm has more than 140 employees and manages assets of more than €11 billion.