Algebris beefs up sustainable commitment with new unit

Italie
On the 02/04/21 at 11:41AM

by

Adrien Paredes-Vanheule

The credit and loan specialist's new sustainability unit will focus first on the Italian market.
(Fotolia)

London-headquartered asset manager Algebris Investments has established a team dedicated to environment and sustainability under the supervision of Valerio Camerano. In a statement, the firm acknowledged climate change and its effects have profound implications for global markets and how investors, both private and institutional, are able to access them. “Integrating ESG objectives into investments and corporate strategies is a priority for the competitiveness globally,” said Davide Serra, Algebris’ founder and chief executive officer. 

The new business unit will be responsible for launching a range of initiatives that combine value creation with environmental and social responsibility, building on Algebris Investments’ existing capabilities by leveraging new expertise. It is understood Camerano will focus initially on the Italian market before further expanding the investment offering.

Prior to joining Algebris, Camerano was CEO of A2A Group, a company that focuses on evolving essential services to meet the needs of contemporary lifestyles while respecting long-term sustainability. He also held roles for over 10 years at Engie, Enel and Camuzzi and served in the financial sector at Citibank. 

Algebris said launching this new unit is “a response to the urgent and undeniable call for a new dimension to the investment management approach to sustainability and is a sign of Algebris Investments’ willingness to act as a leader to positively influence business players, policy makers and public authorities.”