Ethical investor UCA Funds Management has appointed former Hunter Hall executive, Michael Walsh, as executive director and chief executive officer.
Walsh has more than 30 years of funds and risk management experience, including 12 in the ethical funds sector, and has served as a non-executive director, senior executive and adviser to several companies active in the Australian financial services industry.
He has also been president of the Ethical Investment Association and is convenor of the Australian Sustainability Awards.
Walsh takes over from acting executive director, Sue Norman, in February.
UCA Funds Management is the investment arm of the Uniting Church Synod of Victoria and Tasmania. It manages more than $800 million in ethical funds portfolios on behalf of church bodies, other not-for-profit organisations and socially concerned individuals.
Walsh said that “he was attracted to the position by the vibrancy, professionalism and enviable long-term track record of the UCA Funds organisation as well as the opportunity to lead a not-for-profit investment group that is well established as a socially responsible fund manager with the potential for further development.”
At Hunter Hall, Walsh had a number of roles including ethical analyst, risk manager and head of responsible investment research.
Clifford Chance boosts M&A team
Law firm Clifford Chance added to its mergers and acquisitions and deal making expertise with the hiring of former Allen and Overy (A&O) Australian competition partner, Dave Poddar.
With strong experience in M&A and competition issues, Poddar has worked on deals in the financial services, resources and infrastructure sectors.
Most recently he advised SABMiller on the acquisition of Foster’s Group and Emirates on the antitrust implications of its strategic partnership with Qantas.
Poddar resigned from A&O’s Sydney office last September and before then he was a partner at Mallesons Stephen Jacques.
The addition of Poddar brings the number of partners at Clifford Chance’s Australian practice to 16.