Neuberger nabs from think tank in ESG push

Neuberger Berman has nabbed Jonathan Bailey from think tank Focusing Capital on the Long Term (FCLT Global) as its head of environmental, social and governance (ESG) investing.

Based in New York, he will report to Neuberger president Joseph Amato.

Before FCLT Global, he served as associate partner at McKinsey & Company, advising pension plans, asset managers and other finance institutions, including ESG.

Bailey has also worked on sustainability and governance investment projects for both Al Gore and Tony Blair.

Amato says: “As a firm, we have a deep history in ESG investing, going back to our first application of ‘avoidance screens’ in the 1940s to the launch of our socially responsive investment team in 1989.”

Bailey will work with the firm’s investment teams and research departments to further incorporate ESG principles into the equities, fixed income and alternatives platforms.

He will help portfolio managers consider ESG as part of their analytical approach to evaluating companies and markets.

He will also chair the firm’s ESG investment advisory committee.