Envestnet taps internal leader to lead new ESG office
In the wake of its recent restructuring and former president Stuart DePina steps down At the end of last month, Envestnet made another change to its management team.
The Chicago-based tech company and the turnkey program announced that Ron Ransom will lead Envestnet’s new environmental, social and governance office.
Officials said Ransom’s role will bring “a centralized focus on ESG activities” across the company. As ESG Group Leader, Ransom will lead Envestnet’s efforts to develop programs and policies around continued expansion, but sometimes controversialinvestment data domain.
“There has never been a more important time to strengthen our focus on ESG across our organization and make this area a central part of our financial wellness ecosystem,” said Envestnet CEO, Bill Crager, in a statement.
Ransom will work closely with the Sustainable Investment Group Envestnet PMCwhich helps advisors integrate ESG investing into their practices and helps clients look for ways to generate greater social or environmental impact through their investments.
“An enterprise-level ESG framework will enable us to deliver even better results to our clients, investors and communities across the country,” Ransom said. “As the demand for ESG investing continues to grow, Envestnet is uniquely positioned to enable advisors to provide sustainable investment solutions to their clients.”
Ransom brings nearly three decades of financial services experience to the role. He most recently served as Director of Business Development at Envestnet, where he was responsible for managing Envestnet’s go-to-market strategy. Prior to Envestnet, Ransom held senior positions at Nationwide Financial, UBS and Bank of America.
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