Arabesque Asset Management chooses first CEO – Pensions & Investments

Herman Bril will join Arabesque Asset Management as CEO effective in July, a spokesman said.

The role is new. Mr. Bril will join once he finishes his tenure as CIO of the United Nations Joint Staff Pension Fund, New York, which has $80.3 billion in assets. Details on a replacement were not immediately available.

Mr. Bril will be responsible for Arabesque’s growing sustainable investment strategies that are driven by artificial intelligence, including its new net-zero climate strategy. He will be based in London.

Arabesque also named Ulrika Hasselgren as head of Nordics and head of Europe for corporates and sovereigns. The role is also new, the spokesman said.
Effective immediately, Ms. Hasselgren oversees the firm’s ESG data and insights services for corporate and sovereign clients in Europe. She is based in Stockholm, also responsible for the firm’s activities and expansion in the Nordic region.

She was global head of sustainability and impact investment at Danske Bank.

“A more sustainable financial system is starting to emerge, with technology and digitalization the key drivers shaping the future of ESG investing,” Georg Kell, chairman of the Arabesque Group and funding executive director of the United Nations Global Compact, said in a news release. “I am thrilled to welcome Herman Bril and Ulrika Hasselgren to Arabesque, with their experience of successfully developing and implementing sustainable investment strategies at various financial institutions. As the company scales up its products and services worldwide to meet market demand, their vision and leadership will be invaluable.”

Arabesque was founded in 2013 and had about $300 million in assets under management as of Dec. 31. It does not split out AUM by region, the spokesman said.

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