Recruitment comes at a time when fund managers are burnishing their socially responsible credentials as never before

State Street Global Advisors, the $2.8tn asset manager, has hired a sustainable investment specialist from rival BlackRock to run its environmental, social and governance efforts outside the US.

SSGA said in a statement that Carlo Funk joined earlier this month as head of ESG investment strategy in Europe, the Middle East and Africa. He previously designed passive funds with a socially responsible tilt at BlackRock, and acted as the company’s sales specialist in the field for Europe.

State Street appoints Funk as head of ESG strategy

Fareed Sahloul

BlackRock

State Street

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

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The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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CME Group’s second-quarter earnings and revenue rose sharply as the derivatives-exchange operator benefited from a surge in trading activity due to market volatility.

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‘All-In,’ which hosts cabinet secretaries and senators, is scheduled to have an appearance by President Trump at a conference Wednesday.

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