ESG 2022 – A Shift To Sustainability

As investment strategies shift in a more sustainable direction, clients are calling out for their portfolios to tackle key environmental issues. While the availability of data is slowly improving, wealth providers are striving to collect reliable information and turn this into actionable insights on behalf of their clients.

Compeer’s end investor research has shown that over half of both younger (under 40) and wealthier (over £1m) investors believe their existing wealth manager needs to significantly improve their ESG offering.

With this in mind, ESG is now viewed as a major theme for discussion with clients and among employees. There are wide-reaching strategic implications to consider, which may be heightened by upcoming regulation.

We welcome you to join Compeer at this upcoming event to hear how the industry is shifting to sustainability.




Event Information

15:00 – 15:30           Networking

15:30 – 15:35           Welcome & Introduction

15:35 – 15:50           Chris Wilford, CBI

15:50 – 16:05           Pendar Ostovar, Climate Risk Strategy

16:05 – 16:20           James Brown, Compeer

16:20 – 17:00           Wealth Management Panel Discussion

(Ben Palmer – Brooks Macdonald, Phoebe Stone – LGT Wealth Management, Max Richardson – Investec Wealth & Investment)

17:00 – 18:00           Networking

James Brown – Head of Client Services, Compeer

James joined Compeer in October 2006 as an analyst following his graduation from The University of Warwick, where he studied Mathematics, Operational Research, Statistics and Economics.  Today he manages Compeer’s team of analysts. He has widely presented key trends in the UK Wealth Management Industry, with in-depth experience of providing statistical analysis of firms’ business performance. He regularly provides recommendations during presentations to Executive boards, and is actively involved in bespoke research projects.

Chris Wilford – Director of Financial Services Policy, CBI

Chris leads the financial services policy team, working with businesses and trade associations to shape a policy environment that promotes the UK’s world-leading financial services industry and enables the sector to support growth across the whole economy.

He is an experienced adviser to government and regulators, having contributed to a range of expert groups on innovation in financial services, interest rate benchmarks, access to finance and digital currencies.

Chris joined the CBI in 2017, having previously sat on the CBI’s SME Council as a member. Prior to the CBI, he established the policy function of the global professional body for private dispute resolution and worked at the Recruitment and Employment Confederation, as well as a parliamentary researcher in the House of Lords.

Pendar Ostovar – Founder, Climate Risk Strategy

Pendar Ostovar is a career strategist with 25+ years of experience, primarily in advisory firms. At KPMG where he spent most of his career, he led banking sector strategy before moving on to HSBC Commercial Banking.  From there he joined the British Bankers’ Association as Head of Strategy and Research and led multiple industry committees and working groups.

He has had a life-long passion for the environment. His concern about climate change motivated his PhD research at Imperial College in the 1990s, which was focused on reducing vehicle emissions.

He sees ESG in general and climate change in particular as age defining strategic change drivers. That is why in recent years he has set up his own firm, Climate Risk Strategy, to advise financial services C-suite clients about the implications, risk and opportunities arising from ESG issues.

He dreams of his little girls one day being able to take their own children to a preserved Amazon on hydrogen-fuelled planes.

Ben Palmer – Head of Responsible Investment, Brooks Macdonald

Ben joined Brooks Macdonald in 2011 as a graduate trainee and is now Head of Responsible Investment, leading the firm’s approach to responsible investment and working with advisers to better understand client demand for ESG, helping to identify and provide suitable solutions for a growing number of clients.

Ben oversees both the Responsible Investment Service and the company’s wider integration of ESG analysis.

Ben holds the Chartered Financial Analyst (CFA) Institute Certificate in ESG Investing, Chartered Institute for Securities & Investment (CISI) Chartered Wealth Manager Qualification, and the CISI Investment Advice Diploma (IAD). He is also a Chartered Fellow of the CISI. In 2021, Ben was named as an ESG influencer by Investment Week magazine, in partnership with Fidelity International.

Phoebe Stone – Partner & Head of Sustainable Investing, LGT Wealth Management

Having joined LGT from Coutts in 2014, Phoebe launched and leads LGT Wealth Management’s Sustainable Investing proposition. She became partner and Head of Sustainable Investing in 2020. Phoebe sits on a number of committees including LGT Wealth Management’s Investment Committee and Fund Selection Committee. Phoebe is also passionate about diversity and inclusion initiatives having launched LGT Wealth Management’s inclusion initiative in 2018, and a pan-industry diversity initiative which is now a Chapter of The Diversity Project.

Phoebe is also a Board Trustee of the Lord Mayor’s Appeal and an ambassador of two breast cancer charities. Phoebe holds a BA in Economics & Chinese from Nottingham University, PCIAM and CFA’s Certificate in ESG Investing.

Max Richardson – Senior Investment Director, Investec Wealth & Investment

Max has worked in the wealth management industry for 22 years. He currently manages multi-asset portfolios for high net worth families at Investec Wealth & Investment in London and sits on Investec’s Stock Selection and Investment Committees. Investec is a specialist bank and wealth manager which invests c. £40bn on behalf of its UK clients. Max is also leading the sustainable finance strategy at Investec Wealth & Investment UK. Max believes that the finance industry has a pivotal role to play in the transition to a more sustainable global economy and that perpetual learning and cognitive diversity help teams to solve complex problems. He reads widely and is focussed on the development of others.

Research Partner


Other upcoming events

Wealth Management Yearly Review 2024

Wednesday 26th June 2024
14.30 - 18.00

Sharing results from our in-depth annual benchmarking survey, Compeer will outline the key business performance trends for the UK wealth management industry.

ESG 2024: Is client demand being served effectively?

Wednesday 25th September 2024
15.00 - 18.00

Demand for ESG services continues to rise among high net worth investors. Wealth management firms are adapting their services, but is this enough? Compeer will review the comparisons between what is being offered and what clients wish to receive in the ESG space.

How To Achieve Profitable Growth

Tuesday 1st October 2024
15.00 - 18.30

Compeer, who have benchmarked the UK wealth management industry for over 30 years, have highlighted that just under 40% of wealth management firms currently make a loss or return less than 10% net margin. The average net margin for the wealth management industry, as a whole for 2022, is 23%, which appears healthy.

This event will examine why so many firms are poorly performing and the practical measures they can take to improve their performance.