Stockholm (NordSIP) – Worthwhile Capital Partners, a Nordic sustainable investment placement agent, announced the expansion of its sales force and expertise to extend its business coverage to the rest of Europe. The firm has hired Christian Broberg and Martin Sonesson to its fundraising team. The firm has also hired Sony Kapoor and Niclas Sundstrom as senior advisers to the business.
Worthwhile Capital Partners’ core strategy is to identify and market specialist fund managers and direct investment opportunities that enable institutional investors to meet their return and sustainability targets. By connecting institutional capital to sustainable investment opportunities worldwide, Worthwhile seeks to create an investor community around sustainable investing themes, and to act on climate change, sustainable use of water and marine sources, the circular economy, a healthy and efficient ecosystem and biodiversity. The firm’s expansion comes two years after the successful introduction of the business and is motivated by strong demand for the firm’s fundraising services in 2020.
Worthwhile Capital Partners is a signatory of UN Principles for Responsible Investing and was formed by Christian Andersson, a former MD at Goldman Sachs and Bank of America Merrill Lynch, where he led the banks’ Nordic Pension & Insurance Solutions Groups. Kerim Kaskal became a partner of the business in 2019 and joined from AP3, where he was the CIO responsible for a €35 billion asset portfolio.
“We expect pension funds and life insurers across Europe to find it increasingly difficult to generate sufficient returns to match liabilities for their increasingly ageing policy members in the decade ahead. Now is the right time for our business to expand our sales team to make sure we provide relevant investment opportunities to achieve this.”, said Andersson in a statement. “In our hiring process, we have been actively looking for diverse skillsets that can contribute to building our business in different ways. We are incredibly pleased to be able to attract the talent by incredibly motivated and experienced professionals such as Christian Broberg and Mattias Sonesson this year.”, he continued.
“By mid-2021, we expect that the European Commission will put the EU Taxonomy into law and by the same time, it will become part of the Non-Financial Reporting Directive. This means that institutional investors will have to provide reporting on their exposure to sustainable economic activities in their portfolios, and thus automatically also on unsustainable economic activities. The expansion at Worthwhile Capital Partners is set up to meet the demand for sustainable investing that this European policy initiative undoubtedly will create”, Kaskal commented.
Broberg joined Worthwhile Capital during the spring of 2020 from Morgan Stanley in London, where he was Head of Sales for Private Wealth Management, responsible for high net worth clients and family offices across Europe, the Middle East and Africa. He has over 20 years of fundraising experience for Private Equity and Infrastructure funds. Sonesson will Worthwhile Capital Partners in December 2020 from UBS in Luxembourg, where he was an Associate Director and client investment specialist for European investors. He will be based in Worthwhile Capital Partners main office in Stockholm, Sweden.
Worthwhile has also appointed Sony Kapoor (Pictured) as an advisor on Policy and Sustainable Investing, and Niclas Sundstrom as an advisor on Global Policy and Geopolitics to its board, to further enhance the quality of its advisory services to its growing European investor base.
Kapoor runs NIFTYS, the Nordic Institute for Finance, Technology & Sustainability. Previously, he worked at Norges Bank Investment Management (NBIM) leading efforts for the world’s largest sovereign wealth fund to divest from fossil fuels and shift towards substantial allocations to renewable infrastructure. He advises governments, central banks, regulators and institutional investors on economic policy and investment strategy and has been a Visiting Scholar at the IMF.
Sundstrom has been an advisor to Goldman Sachs and BP since for over a decade. He specialises on geopolitical and political developments across countries and regions, the economic policy decision-making process, macroeconomic trends. Over the last 28 years, Mr Sundstrom has worked for Robert Rubin, Stanley Fischer, Mohamed El-Erian, been a member of the Advisory Board of Finisterre Capital, advised Brummer & Partners, and held positions at Citibank, Citigroup, Salomon Smith Barney.
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