Calvert Investments, an investment manager using sustainability as a platform to create value, has selected John Streur as its next chief executive.
Streur (pictured) will join the firm on 27 October 2014 and assume full responsibilities on 1 January 2015.
“Calvert Investments has over 30 years of intellectual capital on the importance of environmental, social and governance (ESG) factors in the investment context. Combine that with its shareholder engagement and policy work and there is no better firm to drive positive change for investors,” says Streur. “Calvert is in the right spot at a time when major institutional and private asset owners are realizing the value of a sustainable investment approach.”
Streur currently serves as president, director and principal of Portfolio 21, a boutique investment management firm specialising in global environmental investing. He is best known for his 20-year career as CEO of Managers Investment Group, The Managers Funds and Managers AMG Funds. Prior to the founding of Managers Investment Group in 2005, he was CEO of its predecessor entity, Portfolio Services Group and parent The Burridge Group LLC.
“John Streur brings incredible leadership depth and breadth to this role,” says Bill Lester, executive vice president of Ameritas Life Insurance Corp, the parent company of Calvert Investments. “He has a long track record of successfully building and managing investment management firms. He is respected by his investment industry peers and the larger sustainability community. He is a great addition to lead the Calvert team going forward.”
Streur will work closely with outgoing chief executive Barbara Krumsiek through the end of the year, ensuring an orderly transition. On 1 January 2015, Krumsiek is stepping down from her day-to-day responsibilities as president and CEO of Calvert Investments. She will remain on the board of Calvert Investments Inc. Krumsiek has been named founding chair of the Calvert Institute, which will promote the growth of sustainable and responsible investing (SRI) through research, advocacy, and fostering innovation in the field of sustainable investing.