M&G announces new CEO for responsAbility
M&G has announced Nadia Nikolova (pictured) as the new CEO of its emerging markets impact division responsAbility.
Nikolova is replacing Rochus Mommartz who is retiring after 22 years at responsAbility having joined when it was founded in 2003.
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responsAbility is part of M&G’s €90bn private markets business investing in private credit, private equity, infrastructure and real estate. The business invests in emerging markets to achieve financial returns and a positive societal and environmental impact focusing on three major themes – financial inclusion, climate finance and sustainable food.
Nikolova joins from Allianz Global Investors where she was head of direct lending. She spent 10 years with the business focused on private markets across infrastructure debt, credit and real assets and, in 2019, established its sustainable and impact credit investment team. She was also involved in the launch of the impact private credit strategy focusing on small cap impact companies in Europe.
In her new role at responsAbility, she will report to Emmanuel Deblanc, CIO of private markets at M&G Investments and chair of responsAbility, as it is part of M&G’s €90bn private markets business investing in private credit, private equity, infrastructure and real estate.
Nikolova said: “For more than two decades, responsAbility delivered measurable outcomes across financial inclusion, climate finance and sustainable food – areas I’m deeply passionate about. I’m excited to build upon this foundation working with the team and M&G to scale innovative, high-impact strategies that aim to deliver financial performance to our clients that generate long-term measurable positive impact for our communities.”
Retiring Mommartz added: “I have had the privilege to witness the emergence of the impact investment market – and to see the real difference it makes in people’s lives. It has been an exceptional honour to work alongside so many passionate colleagues at responsAbility, our investees and partners. I can only encourage investors to stay the course – it truly changes lives for people who still lack opportunity.”
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