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Ex-Manulife AM MD Burnett joins impact house ThomasLloyd Hired to build UK and Ireland wholesale presence Alan Burnett of ThomasLloyd Specialist impact investment firm ThomasLloyd has hired former managing director and UK head of wholesale assets and client relationships at Manulife Asset Management Alan Burnett, for the newly-created role of director, wholesale clients UK and Ireland. Based in London, Burnett will be responsible for broadening and deepening ThomasLloyd's presence among banks, wealth managers, family offices and investment platforms across UK and Ireland. With more than 27 y...

Climate goals: Rhetoric vs reality A recent study by the Rainforest Action Network claims that in the five years since the Paris Agreement, the world’s biggest banks – including the likes of BNP Paribas, Goldman Sachs, and JP Morgan – have financed fossil fuels to the tune of $3.8 trillion (€3.2 trillion). Impact investment firm ThomasLloyd’s chief executive Michael Sieg, speaking in Funds Europe’s April issue, has pointed out that while large banks and global financial institutions like to highlight how sustainable they are on their websites, “the reality is unfortunately diffe...

ESG: Green, greener, greenest... When the EU’s landmark Sustainable Finance Disclosure Regulation (SFDR) came into force on March 10, it was widely welcomed and hailed as a ‘game-changer’ in the fight against greenwashing. A core component of the bloc’s green agenda, the regime is designed to promote greater transparency in finance – but questions remain regarding its implementation. SFDR calls on asset managers to classify their funds according to three primary categories – article 6, which makes no claims of sustainability, or articles 8 and 9, which both claim environmental, so...