Arabesque Partners

Last updated
Arabesque Partners
Industry Investment Management
Founded2013
Headquarters London
Frankfurt
Singapore
Key people
Georg Kell, Chairman

Barbara Krumsiek (board)
Yolanda Kakabadse (board)
Carolyn Woo (board)
Kate James (board)

Carlo Koelzer (board)

Contents

Website arabesque.com

Arabesque Partners (or Arabesque Asset Management) is an Anglo-German investment management firm founded in 2013, [1] with headquarters in London and a research hub in Frankfurt.

History

The company was established as a partnership in 2013 through a management buyout of all rights and intellectual property. [2]

Organisation

Arabesque was founded by Omar Selim, who is the Chief Executive Officer based in London. He was formerly Head of Global Markets for institutional clients in Europe, the Middle East, Africa and Eastern Europe at Barclays Bank PLC. [3] Arabesque Asset Management is a registered member of the UN Global Compact, [4] the UK Sustainable Investment and Finance Association (UKSIF) [5] and the European Investment Forum (EUROSIF). [6] In May 2017,Arabesque Asset Management announced Anja Mikus as CIO to lead the German government’s nuclear phase-out fund. [7] [8]

Research

In September 2014, Arabesque partnered with the Smith School of Enterprise and the Environment at the University of Oxford to release a report entitled ‘From the Stockholder to the Stakeholder’. [9] The enhanced meta-study cites over 190 sources and identifies a correlation between high Environmental, Social, Governance (ESG) quality and financial performance. [10] In January 2015, a case study on the CEO of Arabesque, Omar Selim, was published by George Serafeim and Rebecca Henderson at Harvard Business School, and was taught to MBA students at Harvard Business School. [11]

Investors

Arabesque Group

In January 2022, ABG Real Estate invested in Arabesque Group. [12] ABG Real Estate was supported in this transaction by PwC. [13]

Arabesque AI

In January 2020, DWS invested in Arabesque AI. [14] In February 2023, Carolina Minio Paluello was appointed as CEO of Arabesque AI. [15]

Media

In September 2021, Arabesque launched the world's first AI ESG fund manager. [16] In March 2021, Arabesque has hired Herman Brill as CEO for its asset management unit and Ulrika Hasselgreen as Head of Nordics and Head of Europe for Corporates and Sovereigns. [17]

Related Research Articles

<span class="mw-page-title-main">BlackRock</span> American investment company

BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $10 trillion in assets under management as of December 31, 2023. Headquartered in New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries. BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street, it is considered to be one of the Big Three index fund managers. Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services. As of 2023, BlackRock was ranked 229th on the Fortune 500 list of the largest United States corporations by revenue.

<span class="mw-page-title-main">Socially responsible investing</span> Any investment strategy combining both financial performance and social/ethical impact.

Socially responsible investing (SRI) is any investment strategy which seeks to consider both financial return and social/environmental good. The areas of concern recognized by the SRI practitioners are sometimes summarized under the heading of environmental, social and governance (ESG) issues: environment, social, and corporate governance. Impact investing is subset of SRI that is generally more proactive and focused on the conscious creation of social impact through investment. Eco-investing is SRI with a focus on environmentalism.

<span class="mw-page-title-main">Robeco</span> Dutch asset management firm

Robeco is an originally Dutch asset management firm, since 2013 part of Orix, founded in 1929 as the Rotterdamsch Beleggings Consortium. As of 2014, the company had €246 billion of assets under management. It was acquired in 2001 by the Rabobank Groep and sold in 2013 to ORIX Corporation.

Principles for Responsible Investment is a United Nations-supported international network of financial institutions working together to implement its six aspirational principles, often referenced as "the Principles". Its goal is to understand the implications of sustainability for investors and support signatories to facilitate incorporating these issues into their investment decision-making and ownership practices. In implementing these principles, signatories contribute to the development of a more sustainable global financial system.

<span class="mw-page-title-main">JLL (company)</span> Real estate consultancy firm

Jones Lang LaSalle Incorporated (JLL) is a global real estate services company, founded in the United Kingdom with offices in 80 countries. The company also provides investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and VC investments via its PropTech fund, JLL Spark. The company is ranked 190 on the Fortune 500.

<span class="mw-page-title-main">PGIM</span> American Investment Management firm

PGIM, Inc. (PGIM), formerly known as Prudential Investment Management, functions as the asset management arm of Prudential Financial, an American life insurance company.

Mercury Asset Management plc was a leading British investment management business. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">Amundi</span> French asset management firm

Amundi is a French asset management company. With €2 trillion of assets under management (AUM) at the end of 2021, it is the largest asset manager in Europe and one of the 10 biggest investment managers in the world.

Environmental, social, and governance (ESG), is a set of aspects, including environmental issues, social issues and corporate governance that can be considered in investing. Investing with ESG considerations is sometimes referred to as responsible investing or, in more proactive cases, impact investing.

<span class="mw-page-title-main">Aquila Capital</span> Investment management company, focusing on sustainable investments and real assets

Aquila Capital is an investment management company with headquarters in Hamburg, Germany. It was founded in 2001 by Roman Rosslenbroich and Dieter Rentsch. Aquila Capital focuses on real assets and sustainable investments. The company manages more than €14.7 billion for institutional investors and is among Europe’s leading investment companies in climate change mitigation.

<span class="mw-page-title-main">Sustainability Accounting Standards Board</span> Non-profit accounting standards organization

The Sustainability Accounting Standards Board (SASB) is a non-profit organization, founded in 2011 by Jean Rogers to develop sustainability accounting standards. Investors, lenders, insurance underwriters, and other providers of financial capital are increasingly attuned to the impact of environmental, social, and governance (ESG) factors on the financial performance of companies, driving the need for standardized reporting of ESG data. Just as the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have established International Financial Reporting Standards and Generally Accepted Accounting Principles (GAAP), respectively, which are currently used in the financial statements, SASB's stated mission “is to establish industry-specific disclosure standards across ESG topics that facilitate communication between companies and investors about financially material, decision-useful information. Such information should be relevant, reliable and comparable across companies on a global basis.”

<span class="mw-page-title-main">RepRisk</span> ESG Ratings Company in Switzerland

RepRisk AG is an environmental, social, and corporate governance (ESG) data science company based in Zurich, Switzerland, specializing in ESG and business-conduct risk research, and quantitative solutions.

Georg Kell is the founder and former Executive Director of the United Nations Global Compact. He is also the Chairman of Anglo-German asset manager, Arabesque Partners.

ESG Quant is an investment strategy, developed by Arabesque Partners, which involves quantitative equity investing while utilizing ESG information, often referred to as "non-financial" information. ESG Quant strategies are implemented within systematic trading or quantitative trading approaches that leverage a large and growing collection of commercial ESG, alternative and non-profit or academic datasets. As such, there is no human judgment or discretionary buy-sell decision making; rather, “in a pure quant model the final decision to buy or sell is made by the model” or through the “utilization of an expert system that replicates previously captured actions of real traders.”

Naïm Abou-Jaoudé, born on 9 July 1966 in Jal-El-Dib (Lebanon), is the Chief Executive Officer (CEO) of New York Life Investment Management (NYLIM).

<span class="mw-page-title-main">NN Investment Partners</span> Dutch Asset Management Firm

NN Investment Partners was a Netherlands-based asset manager, with headquarters in The Hague and offices in 15 countries in Europe, Asia and the Americas. The company was acquired by Goldman Sachs Asset Management, the asset management division of Goldman Sachs in April 2022.

Sustainalytics is a company that rates the sustainability of listed companies based on their environmental, social and corporate governance (ESG) performance. The company was born of a merger between Toronto-based Jantzi Research, which was founded in 1992 by Sustainalytics' current CEO Michael Jantzi, and its European counterpart. Following its acquisition of GES International on January 9, 2019, Sustainalytics had more than 600 employees with offices in 17 cities around the world and over 700 institutional investor clients. On April 21, 2020, Morningstar, Inc. acquired the remaining ~60% of Sustainalytics' shares to become the sole owner.

<span class="mw-page-title-main">DWS Group</span> German investment management firm

The DWS Group commonly referred to as DWS, is a German asset management company. It previously operated as part of Deutsche Bank until 2018 where it became a separate entity through an initial public offering on the Frankfurt Stock Exchange. It is currently headquartered in Frankfurt, Germany and is a constituent member of the SDAX index.

<i>Responsible Investment Brand Index</i> Scale to evaluate the European asset management industry

The Responsible Investment Brand Index (RIBI) is a scale to evaluate the global asset management industry on its ability to demonstrate its commitment to sustainable investment into their respective brands. The annual index was created in 2018 by Jean-Francois Hirschel and Markus Kramer.

<span class="mw-page-title-main">GRESB</span> ESG benchmark

GRESB is a Netherlands-based company that operates an annual sustainability assessment for standing real estate investments, real estate projects in development, infrastructure funds, and infrastructure assets. From these assessments, it provides standardized and validated environmental, social, and governance (ESG) data and benchmarks for the real assets investment community. Academic research has demonstrated that GRESB participation is a predicator of fund-level financial returns.

References

  1. Kao, Patricia (27 June 2013). "Former Barclays Bankers Led by Selim Set Up Quant Funds Manager". Bloomberg Business. Retrieved 15 April 2015.
  2. "UNITED NATIONS GLOBAL COMPACT COMMUNICATION ON PROGRESS 2015" (PDF). UN GLOBAL COMPACT. Retrieved 24 February 2016.
  3. "Executive Profile Omar Selim". Bloomberg. Retrieved May 2, 2018.
  4. Abd Rahim, Haliza. "Global Compact UK Network Members". UN Global Compact. Global Compact Network UK. Archived from the original on 4 March 2016. Retrieved 15 April 2015.
  5. Lindegaard, Pamela. "UKSIF Directory". UK Sustainable Investment and Finance Association. Retrieved 15 April 2015.
  6. "Eurosif March 2015 Newsletter". EUROSIF. Archived from the original on 23 April 2015. Retrieved 15 April 2015.
  7. "Sustainability CIO to head Germany's nuclear phase-out fund". Modern Investor. Retrieved 2017-10-09.
  8. "People moves: Swedish boutique hires AP4's green bonds chief". IPE. Retrieved 2017-10-09.
  9. Green, Sophia (21 September 2014). "The Bottom Line is a Sustainability One". No. Markets. Financial Times. FTFM. Retrieved 15 April 2015.
  10. Medland, Dina (15 September 2014). "'From Stockholder To Stakeholder' Means 'No' To Short-Termism For Better Results". No. Leadership. Forbes. Retrieved 15 April 2015.
  11. Serafim, George; Henderson, Rebecca; Gombos, Shannon. "Omar Selim: Building a Values-Based Asset Management Firm (A)". Harvard Business School Faculty & Research. Harvard Business School. Retrieved 15 June 2015.
  12. "Arabesque Partners with ABG to Develop ESG Solutions for Real Estate Sector". ESG Today. 2022-01-26. Retrieved 2022-02-28.
  13. "PwC Legal berät ABG Real Estate Group bei strategischer Partnerschaft und Minderheitsbeteiligung in Arabesque Holding Ltd". PwC Legal Deutschland (in German). 2022-01-27. Retrieved 2022-02-28.
  14. "DWS Invests in Artificial Intelligence via Stake in Arabesque AI". www.dws.com. 8 January 2020. Retrieved 2021-10-15.
  15. "People moves: Arabesque AI picks ex-Schroders' head of product as CEO". Investment and Pension Europe. February 2, 2023. Retrieved October 27, 2023.
  16. Eco-Business (23 September 2021). "Arabesque launches world's first AI ESG fund manager". Eco-Business. Retrieved 2021-10-15.{{cite web}}: |last= has generic name (help)
  17. Rust2021-03-05T12:46:00+00:00, Susanna. "Arabesque lands big industry names for sustainability, AI expansion". IPE. Retrieved 2021-10-15.{{cite web}}: CS1 maint: numeric names: authors list (link)