Plenum Investments, the Zurich-based specialist catastrophe bond and insurance securities (ILS) investment manager, has announced the appointment of Dr. Andreas Rickert as a new member of its Board of Directors.
Plenum Investments has been one of the ILS fund managers at the forefront of integrating sustainable investment approaches and environmental, social and governance (ESG) criteria into its funds and investment processes.
Dr. Rickert is the founder of Phineo gAG, a think tank, advisory and social organization specializing in non-profit analysis and advice.
He is considered an expert in sustainable capital investments and has a proven track record as a successful entrepreneur in the fields of philanthropy and impact investing.
Determined to ensure that financial resources are used efficiently and successfully for positive change, Rickert has also worked for McKinsey, the Bertelsmann Foundation and the World Bank, among others.
Rickert is also co-CEO of Nixdorf Kapital AG, an investment operation specializing in ESG, as well as a business angel in the world of startups and impact investing.
Dr. Rainer Grünig, CEO of Plenum Investments Ltd., said: “I am convinced that together with Dr. Andreas Rickert, we can extend our status as an ESG pioneer in the CAT Bonds sector to include the theme of social impact, which will unlock crucial innovation potential.
Dr Rickert said: “I look forward to making a significant contribution to the future development of Plenum Investments Ltd. in the field of impact investing.
“I am convinced that natural disaster activity is another key element that not only helps to manage the effects of climate change, but also those of earthquakes.”
Rickert added: “Institutional investors have a great need when it comes to investing in high social impact investments.
“New product concepts and a standard of good practice focused on social impact aim to remedy this. By insuring against the risks of natural disasters and providing the necessary coverage capacities, we all assume a great social and above all global responsibility.