Moves: BlackRock Alts arm hires new head of sustainable investing - memo

ACN 650 026 314

12/10/2021 14:00

LONDON, Oct 12 (Reuters) - The alternative investing arm of
the world's biggest asset manager BlackRock  BLK.N  has hired
Kristen Weldon as global head of sustainable finance, a memo
seen by Reuters showed.
    Weldon joins from Partners Capital where she was head of ESG
(environmental, social and governance) and Impact Investing.
Among her previous roles, Weldon was co-head of Blackstone's
hedge fund solutions business, the memo said.
    "Based in London, she will continue to drive our agenda to
embrace ESG and sustainable investing principles at the center
of our business and lead important initiatives such as
developing a comprehensive framework for assessing climate
risk," the memo from BlackRock Alternative Investments (BAI)
head Edwin Conway and Chief Investment Officer Jim Barry said.
    Weldon replaces Teresa O’Flynn who is moving to become a
founding member of Decarbonization Partners, a venture capital
and private equity partnership with Singaporean investor Temasek
announced in April.  urn:newsml:reuters.com:*:nL4N2M60CP
    As part of its expansion into sustainable investing, BAI
earlier this year also launched the world's largest renewable
power infrastructure fund, Global Renewable Power III, which
closed at $4.8 billion, it said.

 (Reporting by Simon Jessop
Editing by Mark Potter)
 ((simon.jessop@thomsonreuters.com; +44 (0) 207 542 5052;
Reuters Messaging: Reuters Messaging:
simon.jessop.thomsonreuters.com@reuters.net))