BNP Paribas Asset Management appoints new Global Head of Stewardship

March 3, 2021

BNP Paribas Asset Management (‘BNPP AM’) announces the appointment of Michael Herskovich as Global Head of Stewardship within its Sustainability Centre.  Michael is based in Paris and reports to Jane Ambachtsheer, BNPP AM’s Global Head of Sustainability.  Michael replaces Helena Viñes Fiestas, who will be leaving BNPP AM after 10 years to take up a new role as a board member of the Comisión Nacional del Mercado de Valores (‘CNMV’), the Spanish securities market regulator.  Helena will join the CNMV in Madrid on 1 May.

Michael has been BNPP AM’s Global Head of Corporate Governance since 2009, responsible for implementing its stewardship policy, including proxy voting, issuer engagement and corporate governance analysis.  Michael has played a key role in the development of its Global Sustainability Strategy, Governance & Voting policy, ESG ratings and SRI analysis.  Michael works closely with portfolio managers on proxy voting and engagement, a collaboration that will become even closer as we continue to strengthen the ties between investment teams and our stewardship activities.

His wider industry activity includes being a board member of the International Corporate Governance Network (‘ICGN’), Chair of the Corporate Governance Committee of the French Association of Asset Managers (‘AFG’) and Chair of the International Corporate Governance Committee of the Council of Institutional Investors (‘CII’).

In his new role, Michael will lead BNPP AM’s Global Stewardship team, which includes Adam Kanzer and Paul Milon, respectively Head of Stewardship Americas and Head of Stewardship Asia Pacific, together with Paris-based Senior Corporate Governance Analyst, Orsolya Gal.

Jane Ambachtsheer, Global Head of Sustainability at BNPP AM, comments:

“Michael is a long-standing expert in the field of stewardship, with strong relationships in the industry.  He has been instrumental in the development of our ambitious approach to corporate governance and this new role reflects his expertise and ambition in terms of stewardship activity.

“I would like to take this opportunity to congratulate Helena on her appointment to the CNMV and wish her every success in her new role.  Her appointment is great testimony to the significant contribution she has made to responsible investment and sustainable finance during the past 10 years.”

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