By Muskan Arora
Switzerland-based Nest Sammelstiftung has appointed Marc Novara as its new head of responsible investment and member of its management board.
Prior to joining Nest, Novara worked as the sustainable investment consultant at Swiss National Bank for nearly four years. Before that, he held the role of deputy head of global equities at the bank for nearly sixteen years.
Novara succeeds Ulla Enne, who headed up the responsible investing division at Nest for more than a decade. Her career with the investment organization began as a socially responsible investor specialist until assuming the role of head of responsible investing and investment operations in 2018.
Enne’s departure follows that of Nest’s chief investment officer Diego Leichti, who has moved on to PKG Pension Plan.
Nest is one of the first responsible investors in Switzerland and has excluded fossil fuels and some sovereign wealth funds, including U.S. treasuries, on ethical grounds for more than two decades. The organization manages pension assets for over 23,000 affiliated companies and has incorporated responsible investment as its core investment strategy since its inception 40 years ago. Its investment strategy and policy are focused on exclusions and active ownership.
Markets Group has reached out to Nest for comment.
