Church Commissioners of England Appointed a New CIO

By Muskan Arora

The $10 billion Church Commissioners of England fund has appointed Poppy Allonby as its new chief investment officer. She will join the fund in September.

Allonby succeeds Tom Joy, who stepped down from the Church Commissioners in April for a new role overseas. Joy has taken over the role of CIO at Single Family Office at the Cayman Islands, according to her LinkedIn profile. 

She was already known to the Church Commissioners, as she started working as a board member since March 2014.

Prior to this role, she served as the vice president and head of ESG enablement team at T Rowe Price since June 2022. She led a multidisciplinary team responsible for the firm’s sustainability strategy and its execution. 

Before that she was a part of the external advisory board for Massachusetts Institute of Technology's Energy Initiative for almost four years. In that role, she assisted in developing low and no carbon solutions that will efficiently meet global energy needs while minimizing environmental impacts and mitigating climate change.

Before that, she worked at BlackRock for twenty-one years where she started as the head of Global Energy Team and Portfolio manager; and then progressed to being the managing director covering EMEA and APAC.

“Poppy’s investment expertise coupled with her early and prescient focus on sustainable investment will be invaluable to us as we look to deepen and strengthen our commitment to values-based investment – because, in our view, values drive value,” said Alan Smith, First Church Estates Commissioner.

The Church Commissioners of England fund has delivered positive returns for the last 14 years, while growing as a global leader known for its responsible investment. It recently revised its strategy to eye three systematic risks including climate change, nature and biodiversity, and social inequality. This is a part of the newly introduced net zero carbon policy, social issues and real assets sustainability.