Apollo Global Management has poached Huw van Steenis from Oliver Wyman, appointing him to a senior role overseeing sustainable investing. The move underscores the private equity firm's push into environmental, social, and governance (ESG) strategies.
New Role at Apollo
Van Steenis will join Apollo as a partner and vice chairman of sustainable investing, a newly created position. He will work closely with Apollo's investment teams to integrate ESG factors into the firm's decision-making process and develop new sustainable investment products.
Background and Expertise
Van Steenis previously led Oliver Wyman's global financial services practice and was a senior adviser to the World Economic Forum. He is well-known for his expertise in sustainable finance and has advised major banks and asset managers on ESG issues.
Strategic Significance
Apollo's hire reflects a broader trend among alternative asset managers to bolster their ESG capabilities amid growing investor demand for sustainable investments. The firm manages over $500 billion in assets and has been expanding its focus on responsible investing.
Van Steenis said: "I am excited to join Apollo at a time when sustainable investing is becoming increasingly important to our clients and the broader financial system."
Apollo's co-president Scott Kleinman commented: "Huw's deep experience in sustainable finance will be invaluable as we continue to integrate ESG into our investment processes and expand our offerings."
Industry Context
The appointment comes as regulators and investors push for greater transparency on climate risks and sustainability. Apollo joins other major firms like Blackstone and KKR in making high-profile hires to strengthen their ESG credentials.
- Van Steenis will report to Apollo's co-presidents
- He will lead a team focused on sustainable investing strategy
- The firm aims to launch new ESG-focused funds
Van Steenis's departure from Oliver Wyman marks the end of a long tenure at the consultancy, where he was a key figure in its financial services practice. He also serves on several boards, including the UK's Green Finance Institute.
