Credit Suisse has hired three senior bankers to bolster its impact investment and sustainable finance business, including poaching James Gifford from arch-rival UBS as head of impact advisory.
Gifford is based in Singapore and in the newly created role he will be responsible for advising Credit Suisse’s private wealth clients globally. At UBS he was head of impact investing in wealth management.
Credit Suisse said Gifford has championed the transition of financial markets to more sustainable investing and investing with the intention to generate positive, measurable social and environmental benefits. In 2004, he founded the United Nations Principles for responsible investing, which now has 2,250 signatories who have more than US$85trn of assets under management.
Credit Suisse has also hired Guillaume Bonnel as head of sustainable and impact products, which will include driving associated product education and advisory services. Bonnel previously spent six years at Lombard Odier, most recently as head of impact investing since October 2016. He will be based in Zurich.
Helen McDonald joined Credit Suisse in July as UK head of foundations and impact advisory services, a newly created role to look after UK non-profit institutions and advise clients on their sustainable and impact investments.
She is based in London and joined from UBS, where she was head of charities, foundations and social investing. McDonald previously worked at Goldman Sachs, SG Warburg Securities and Kleinwort Benson Investment Management.
The three hires follow Daniel Wild joining Credit Suisse in April as head of environmental, social and governance strategy in the impact advisory and finance (IAF) department, headed by Marisa Drew.
Gifford will report to Drew. Bonnel will report to Drew and Steven Bates, head of investment product management. McDonald reports to Christian Berchem, CEO of Credit Suisse UK, and into Drew’s IAF team.