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LGIM appoints head of investment stewardship

News Team, 24/11/2021

Legal & General Investment Management (LGIM) has appointed Kurt Morriesen as head of investment stewardship.

Mr Morriesen will join the business in January 2022 and will lead LGIM’s global investment stewardship team, working on behalf of our clients through raising market standards and best practice and to hold companies to account on issues from climate change, to board independence and diversity.

He joins LGIM from the United Nations Development Programme (UNDP), where he is a senior adviser for impact investments and SDGs, a role he has held since 2018. He has over 15 years of impact investment and ESG strategy experience in international organisations, such as the World Bank, International Finance Corporation (IFC), UN-PRI, United Nations, GIZ, and the Inter-American Development Bank (IADB); and private firms specialised in sustainable investments in Africa, South Asia and Latin America.

In 2020, LGIM met with more than 600 companies to discuss topics ranging from income inequality and climate change, to gender and ethnic diversity, and over the course of H1 2021, LGIM cast over 50,000 stewardship votes as it continues to encourage investee companies to behave responsibly.

Michelle Scrimgeour, chief executive of LGIM said: “As a business, we remain focused on continuing to build our credentials as a responsible investor and to leading the asset management industry in addressing the environmental, governance and social challenges arising from a rapidly changing world. Our engagement activity and stewardship of our clients’ assets is a core pillar of our approach to sustainable investment. We’re delighted to welcome Kurt to LGIM. His experience with international organisations at the frontier of sustainable development will be invaluable as we continue to reinforce our market-leading investment stewardship approach and extend our already award-winning global team.”

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