Last updated: 11:11 / Monday, 18 August 2014
Team reinforced

Erste Asset Management Expands its Sustainable Investment Activities

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Erste Asset Management Expands its Sustainable Investment Activities
  • Dominik Benedict, Richard Boulanger and Stefan Rössler have joined the company
  • Austria’s leading investment company in the field of SRI, with an invested fund volume of approximately 2.8 billion euros
  • The overall responsibility for the sustainability team, as in the past, lies with Gerold Permoser
  • "We will continue to strengthen our core competency of sustainable investment"

Erste Asset Management, with an invested fund volume of approximately 2.8 billion euros (as of 30/06/2014), making it Austria’s leading investment company in the field of SRI (Socially Responsible Investments or Sustainable Investments), is enlarging its in-house SRI research team.

Dominik Benedict (32) joined in July as a Senior Analyst to further develop the rating process and company analysis. Dominik Benedict can draw on many years' experience in the field of Socially Responsible Investments (SRI) and, as a former employee of MSCI ESG Research in Paris, will not only contribute an international perspective but also bring the mind-set of a recognized rating agency to the team.

In addition, Richard Boulanger (25) and Stefan Rössler (26) will also be reinforcing the SRI research team. Richard Boulanger has already gained experience in the SRI team and focuses, in addition to conventional company analysis, on the areas of engagement and active ownership. The active safeguarding of owners' interests with regard to sustainable corporate policy is an integral part of Erste Asset Management's sustainable activities.

Stefan Rössler completes the SRI team as a quantitative analyst and will primarily be involved in the development of Erste Asset Management's rating system as well as the expansion of the in-house rating database. Producing EAM's own ratings and intelligent use of information constitute key factors in the investment process.

The overall responsibility for the sustainability team, as in the past, lies with Gerold Permoser, Chief Investment Officer of Erste Asset Management.

Christian Schön, member of the Board of Erste Asset Management explains: "Sustainability is a growing market. So we are very pleased that since we started our SRI activities in 2001, we have been able to build this field into one of the company’s core competencies. Over the years we have established ourselves as the clear market leader in Austria."

With these three new recruits, the analytical capacity in the field of sustainability has been noticeably reinforced. And the expansion of the team is not over yet: "We will continue to strengthen our core competency of sustainable investment and are convinced that in so doing, we are emphasizing our internationally recognized market position in this field," said Schön.

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