NEW YORK, December 5, 2017 – OppenheimerFunds, a leading global asset manager, today announced the appointment of Aniket Shah as Head of Sustainable Investing. In this new position, Shah will be responsible for working with OppenheimerFunds’ portfolio managers and investment product specialists to further integrate sustainable investing practices across all aspects of the firm’s business activities to better serve investors. He will report to Sharon French, OppenheimerFunds Head of Beta Solutions.
Art Steinmetz, Chairman and CEO of OppenheimerFunds, stated, “As investor demand for sustainable investing strategies continues to rise, expanding our ESG capabilities to further meet client needs remains an ongoing strategic priority for the firm.”
Shah brings an extensive range of experience in the sustainable finance and investing space to OppenheimerFunds. For the last three years he served as Head of Financing for Sustainable Development for the United Nations Sustainable Development Solutions Network, where he was responsible for working with governments, investors, corporations and non-governmental organizations on ESG integration and sustainable development financing issues.
Before that, Shah was part of Investec Asset Management’s Global Multi-Asset Investment team and was a senior member of the firm’s Investment Institute. He has also served as Program Manager and Special Assistant to the Director at The Earth Institute at Columbia University. Shah currently is a Senior Fellow at the Columbia Center for Sustainable Investing and Chairman of the Board, Amnesty International USA.
“As sustainable investing continues to establish itself as a critical investing channel for a growing number of clients, developing a framework to implement sustainable practices throughout the firm has become increasingly important to our success in ESG,” said French. “Aniket’s depth of expertise, diverse global public and private sector background and extensive knowledge of sustainable investing dynamics will significantly advance our position with clients and better orient us for growth in sustainability going forward.”
OppenheimerFunds is a signatory of The United Nations-supported Principles for Responsible Investment (UN PRI). The UN PRI is recognized as the world’s leading network of asset managers and financial market participants committed to incorporating sustainable investment practices in the investment decision-making process.
OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $246 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of November 30, 2017.
Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm’s 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and factor and revenue-weighted-ETF strategies, including ESG offerings, and is a signatory of the UN PRI. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.