Legg Mason joins RIAA


Legg Mason has strengthened its commitment to responsible investing by joining the Responsible Investment Association Australasia (RIAA).
RIAA has a network of over 220 members who manage jointly more than $9 trillion in assets globally, including super funds, fund managers, consultants, researchers, brokers, impact investors, property managers, community banks, community trusts, faith-based groups, financial advisers and individuals.
Legg Masons’ country head Australia and New Zealand, Andy Sowerby, said the group integrated ESG factors into its investment processes and by embedding certain ethical restrictions into product structures.
“Today, we offer dedicated ethical investment solutions covering both equity and bond markets and we firmly expect that both interest and innovation in this area will only continue to grow,” he said.
“We believe that RIAA plays an important role in promoting best practice in responsible investment and we look forward to putting forward a number of our funds to be considered for RIAA certification.”
Recommended for you
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
Nuveen has appointed a global head of estate, a successor to Chris McGibbon who steps down after almost 25 years.