People Moves: Climate Asset Management appoints Martin Berg as Chief Executive Officer
Press Release -- Climate Asset Management (CAM), a joint venture between the fund arm of HSBC and investment and advisory firm Pollination, said it has appointed Martin Berg as Chief Executive Officer.
Mr Berg has over twenty years' experience formulating and leading carbon credit, carbon finance and other environmental investments in the private and public sectors. He has held leadership roles previously at the European Investment Bank and Bank of America Merrill Lynch, while his early career saw him working at the OECD and the UNFCCC.
Commenting on his appointment as CEO, Mr Berg said: "I am thrilled that the board has entrusted me to continue the excellent work Christof has started. At Climate Asset Management we are passionate about the conservation and restoration of nature. It is testimony to the strength, diversity and experience of the team we have assembled, that we were able to announce an initial raise of $650 million across our two natural capital strategies last December. We continue to fundraise and deploy capital and are working tirelessly with our clients to invest in landscape transformation projects at scale, to help turn the tide on the catastrophic destruction of nature around the world."
Christof Kutscher, who is stepping down as CEO and Executive Chair, added: "I am genuinely proud to have been part of the team that created Climate Asset Management and to have led it through its formative years. The recent mandate from Apple is a vote of confidence in our model and our team. I am looking forward to supporting Martin and the management team in an advisory capacity over the next period of growth."
Mr Berg was appointed on 1 May 2023 and has joined the Climate Asset Management board with immediate effect. He will continue to lead the firm's Nature Based Carbon Strategy until a new appointment has been made. An independent chair of the board of Climate Asset Management will be appointed in due course.
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About Climate Asset Management
Climate Asset Management was formed in 2020 as a joint venture of HSBC Asset Management and Pollination, with the ambition to grow the world's leading asset management company dedicated to natural capital. It aims to provide investment solutions that are good for nature, people, and our planet. Its investment strategies seek to work across landscapes to build resilience whilst generating returns. Through its Natural Capital Strategy, Climate Asset Management aims to deliver attractive, long-term risk return outcomes and create impact at scale by protecting and restoring vital biodiversity. Through its Nature Based Carbon Strategy, it aims to unlock the supply of high impact carbon credits for corporates and investors seeking to achieve net zero.