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Saturna Capital names new CIO


Saturna Capital Corporation (Saturna), manager of the Amana, Saturna Sustainable, and Sextant mutual funds, has promoted Scott Klimo, CFA, to chief investment officer and appointed Nick Kaiser, CFA, as global strategist.

Stepping into the CIO position, Klimo, will oversee Saturna’s investment team and guide the firm’s investment process and research. He continues in his portfolio manager roles for several Saturna mutual funds.

“Serving for four years as Saturna’s director of research, Scott has been instrumental in expanding and deepening the firm’s investment research capabilities, and we are thrilled he has advanced to lead our investment team,” says Jane Carten, president and CEO of Saturna. “As a strong leader and seasoned global investor, he also brings a personal commitment to values-based investing that upholds Saturna’s investment philosophy and will further enhance our ability to deliver modern investment tools to investors and advisors around the world.”

Klimo, age 55, has over 25 years of global investment management experience. He joined Saturna in 2012 as director of research. He has deep expertise in domestic, international, and emerging equity markets, and keen analytical skills in building financial models for companies and industries. As director of research, Klimo guided Saturna’s analyst team as they further refined the firm’s proprietary socially responsible security grading methodology to create Saturna’s ESG (environmental, social, and governance) security rating system. That project culminated in the 2015 launch of the Saturna Sustainable Equity and Bond Funds that invest globally according to ESG principles.

In the newly created position of Global Strategist, Kaiser, CFA, age 69, is responsible for developing Saturna’s view on global market trends and conditions, asset allocation, and investment strategies. Relinquishing day-to-day oversight of Saturna’s investment team to Klimo, Kaiser, continues as portfolio manager for several Saturna equity mutual funds and private accounts.

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