Alcentra, a London-based alternative credit unit of BNY Mellon Investment Management, expanded its responsible investing team.
Ross Curran was named head of responsible investing, while Adriana Carvallo was chosen as head of ESG integration and Amanda Provencal as ESG analyst.
Ms. Carvallo and Ms. Provencal are to be based in London and report to Mr. Curran.
Don Hector, a spokesman for Alcentra, said by email “these are all newly created positions.”
Mr. Curran has been with Alcentra for 15 years, working as a liquid credit portfolio manager, a position he will retain, a news release noted. In his new position, he will focus on driving Alcentra’s “sustainability process and continue to chair the ESG committee, whilst coordinating with individual investment teams and the firm’s parent company,” the release stated.
Ms. Carvallo comes from Norges Bank Investment Management. She has more than 11 years’ experience with specific expertise in the steel, technology and financial services industries, Alcentra stated in the release.
Ms. Provencal has a background as an “experienced project manager” having worked “across multiple industries,” according to the release.
“Adriana and Amanda’s industry experience and expertise will further underpin our long-term commitment to sustainable investing, strengthening our dedication to deliver ESG investment solutions and advocacy for our clients globally,” Mr. Curran said in the release.
Jonathan DeSimone, CEO at Alcentra, added that “credit markets are at a turning point, where responsible investment is at the core of determining which companies will thrive, which ones will struggle and which will not survive.
“At Alcentra, we believe that taking a sustainable approach to investing is fundamental to achieving long-term, attractive investment returns for our clients, whilst creating a more sustainable, habitable planet.”
Alcentra has more than $40 billion of assets under management.