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A local wealth management firm has appointed a new head of Responsible Investment Service, ahead of offering the service to international clients for the first time.
Ben Palmer will lead and develop Brooks Macdonald’s commitment to responsible investment, with a focus on the firm’s sustainable and long-term contribution to the sector, including the influence of wider business and social media trends in ESG.
He will work with advisers to better understand the needs of clients and the sector as a whole, integrating these into the company’s RIS strategy and decision-making processes.
Mr Palmer said he’s delighted to be in the role, and looks forward to “taking the business to the next stage”.
“We’ve already recognised that the pandemic has not diverted investors from responsible investing,” he said. “If anything, it’s accelerated our ‘social’ awareness and we know we have a key role to play in helping advisers identify and provide sustainable solutions for a growing number of clients,”
Pictured: Brooks Macdonald CEO Andrew Shepherd said the company will expand its RIS offerings to international clients.
Mr Palmer continued: “The evidence points to growth as we see businesses and organisations increasing their emphasis on sustainability and resilience, and responsible investment is very much tied to this economic trend.”
The announcement coincides with the company’s new Sustainability Discussion Guide for advisers, which will enable them to "easily identify strategies that match their clients’ responsible investment preferences", in response to ESG investing.
Andrew Shepherd, CEO of Brooks Macdonald International, said that the Channel Islands were becoming an "expert hub" for ESG. “We are certainly seeing a rise in demand amongst international clients, trustees and advisers for responsible investing solutions,”
“To that end, I’m delighted to add the Brooks Macdonald Responsible Investment Service to our international proposition as we continue to deliver cutting-edge solutions to investors from Guernsey and Jersey.”
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