EY appoints Sandy Trust as it grows its sustainability work in its wealth and asset management business
13 May 2019
LONDON-13 MAY 2019: EY has hired Sandy Trust in its asset management team as it rapidly expands its commitment and business in ESG investing, recognising the importance of climate change, social impact and well managed businesses for both asset managers and asset owners.
In his new role, Sandy will focus on long term value in the investment space, covering areas such as ESG, climate change and sustainability for insurers, wealth managers and asset managers.
Commenting on Sandy’s appointment, Gill Lofts, Head of UK Wealth and Asset Management, EY, said: “We’re delighted to welcome Sandy into our team. Not only are consumers and asset owners demanding greater ESG impact and transparency, the regulatory landscape is, quite rightly, developing at pace. ESG investing give companies and investors the opportunity to help look after the planet, support our societies and ensure value creation for the long term. There is still a huge amount to do in this space and we are determined to play our part.”
Sandy is based in Edinburgh but is working across the UK business. He joins EY from Grant Thornton where he led the development of a Purposeful Finance framework for long term investors and has over 10 years consultancy experience. Sandy is also a member of the Institute and Faculty of Actuaries (IFoA) Resource & Environment Board, contributing to a number of papers on how to embed climate risk management into long term savings.
Sandy added: “I believe you truly have to embed long term value into the entire investment value chain and move away from an investment system that is focused on financial outcomes, often over the short term, to one that recognises and rewards long term value in its fullest sense. This will be a key customer and regulatory theme across financial services. EY has already done excellent work in this area and I’m excited about playing a major role going forward.”
Commenting on Sustainable Finance in the UK Sandy said: “I’m excited about the role the UK can play in driving forward Sustainable Finance practices – we have a great blend of large incumbents rapidly developing their capabilities in this space as well as a number of really exciting disruptors across the investment value chain. And this is by no means restricted to London. Edinburgh, for example, has a booming sustainable finance community, with strong international links and some genuinely innovative business models with incredible clarity of purpose around delivering both financial and social returns.”
Gill concluded: “Sandy brings crucial skills to the role and combined with his passion for sustainable investing he will have a vital role in helping firms adapt to new challenges around ESG and impact investing. It’s very exciting to see our practice expand and Sandy is a valued addition.”
In the past 20 years the number of managers offering ESG strategies has grown 400 per cent¹ and in 2017 225 investors invested $35.5bn across 11,136 impact investment deals. To demonstrate its commitment to this critically important field, EY is building out its sustainability team, focusing on helping asset managers design, implement and execute their ESG and sustainable investing strategies.
Notes to editors:
¹ According to a survey by the Global Impact Investing Network.