Rana Modarres, a former director of investing and social impact at NGO Oxfam GB, has joined the Catalyst team at M&G Investments. The M&G’s Catalyst team is investing £5 billion ($6.2 billion; €5.9 billion) in social and environmental impact through private equity, private credit, real assets and financial assets. It has invested in deals alongside the likes of TPG, Partners Group and General Atlantic.
Modarres was with Oxfam for seven years, having previously had spells with Lehmen Brothers Investment Management and Barclays Wealth. At Catalyst she will “lead the ongoing development of the team’s Impact Strategy and work with the investment teams and portfolio companies to ensure that Impact is delivered in line with the fund objectives and measured and reported in line with the highest market standards,” according to a statement.