Asteria Investment Managers announces changes in its leadership to prepare its merger with Obviam AG

August 25, 2022

Asteria Investment Managers (Asteria IM), a dedicated impact asset manager, majority owned by REYL Intesa Sanpaolo and based in Geneva, announces changes in leadership positions to prepare its future merger with its independent subsidiary based in Bern, Obviam AG (Obviam). The integration is expected to be finalised by the end of the year and announced changes are subject to regulatory and final approvals.

Katia Coudray, current CEO of Asteria IM, has decided to step down from her position of CEO to pursue new projects. She will continue to serve the company thanks to her extensive expertise in asset management by joining the Board of Directors.

The Board of Directors has selected M. Jonathan Duncan as new CEO, to lead the integration and enable an active alignment of strategies and teams to work towards one common goal: the building of a dedicated and leading impact asset manager.

For REYL Intesa Sanpaolo, Impact Investing remains a priority within its strategic development and the Group continues to support the growth of existing Asteria products through its investments as well as the creation of new impact investment strategies.

Ruth Metzler-Arnold, Chairwoman of the Board of Asteria Investment Managers and Pasha Bakhtiar, delegated director:

“We would like to sincerely thank Katia Coudray for her great contribution as CEO and co-founder of Asteria IM. Her contribution and her commitment have contributed to create a unique company dedicated to impact investments. We are delighted to welcome her to the Board of Directors and pursue our collaboration.
We are also very pleased to welcome Jonathan Duncan as CEO of the new entity. With his profound industry knowledge and impressive track record, he will drive the strategic and operational integration, building on existing strengths and accelerating growth in business development.”

Katia Coudray, current CEO, Asteria Investment Managers, said:

“It has been a privilege to benefit from REYL Intesa Sanpaolo’s entrepreneurial spirit to create Asteria IM. Today the company can count on a very complementary, committed, and experienced team, supported by state-of-the-art technology. The integration with Obviam AG allows the merged company to become a global impact player expanding its offer to private assets. It is the right time to operate this change of leadership. I look forward to collaborating with the new management team and support the strategic expansion as a board member.”

Jonathan Duncan, added:

“I thank the Board of Directors for the trust they placed in me and I am excited to lead the merger and then the merged entity into the next chapter. We will further drive innovation and integrate listed impact strategies as well as private ones in emerging markets to build a unique and complete impact investment offering. I firmly believe that the future of investments is about delivering risk, return and impact outcomes, and we have leading SFDR Article 9 fund capabilities, an aligned and motivated team, a supportive shareholder, and a long-term growth market.”

Jonathan Duncan’s Bio:
Jonathan Duncan joined the REYL Group in March 2022 as Chief Impact Officer. He holds a degree in Engineering and a master’s in Environmental Science. He has over 24 years of professional experience in the field of sustainability and for the past decade led the Responsible Investment program of Old Mutual Investment Group. This included working across both private and public market capabilities and the commercialisation of the Group’s Green Economy product suite. Jonathan Duncan is a senior associate of the Cambridge Institute of Sustainability Leadership and was a founding Task Force member of Impact Investing South Africa.

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