PIMCO has hired co-founder of the United Nations (UN) Principles of Responsible Investment (PRI) Gavin Power as executive vice president and chief, international affairs and sustainable development, as the firm works to build out its ESG investment platform.
Power's most recent role at the UN was as deputy executive director of Global Compact, a platform advancing sustainability efforts and responsible investment across the world. Mobius kicks off recruitment...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow