Theory of change
At Asteria IM, we want to support the status of our society. We are convinced that to tackle the most prominent challenges, every component of our economic system must become a positive contribution and at a large scale.
Identifying products and services providing demonstrable and measurable contributions to the global sustainability agenda can be evaluated through the lens of the United Nations Sustainable Development Goals (SDG). With estimation of over USD 2.5 Trillion of private capital needed to tackle the SDG, listed assets intentionally redirected to the right solutions can obviously help deliver progress. Undeniably, secondary markets are necessary to support innovation and value creation from primary markets.
We are convinced that directing that capital effectively can bring the greatest improvement and enables to lower the cost of capital over the long run. Not only does it provide scale, but it also gives access to impactful investment solutions to more investors.
Impact investing goes beyond ESG investing as the investment must have theintentionalityto generating positive impact, and thus influencing all steps of the investment process. This is the reason why transparency is crucial to overcome the challenge of “impact washing” the sustainable investing industry is facing.
We are committed to share our decision-making process at each step:
- Strategy definition: our strategies select companies or projects that offer game changing products or technologies as part of the solution to some of the largest issues society is facing
- Investment selection: we identify companies and projects generating benefits to the real economy through their products and services and provide exciting investment opportunities. Additionally, we avoid investing in companies that produce goods and services harming the environment or the society.
- Performance measurement: we measure how much impact the products and services from invested companies delivered in the real world
- Engagement: we joined collective actions to put pressure on companies whose climate strategy is not ambitious enough.
At Asteria IM, we use the lever of investment to act positively and on scale.
Board of directors
Ruth Metzler-Arnold served as the Minister of Justice and Police in the Swiss Federal Council (1999-2003) and was Vice-President of the Swiss Government in 2003. She holds various Board chairs and seats in Swiss companies and Foundations. I.e. Chairwoman of Switzerland Global Enterprise, Deputy Chairwoman of AXA Switzerland and member of the Board of Swiss Medical Network. She was appointed member of the Board of REYL & Cie Ltd’s in 2016. Her former professional assignments as a lawyer and chartered accountant with international firms such as PWC and Novartis provide her with a broad private sector management and industrial experience complementing her experiences in the public sector and world of SMEs. Former mandates include Board Member and Audit Committee Chair of Bühler AG, Member of the Board of Governors of University St. Gall as well as Minister of Finance, Canton Appenzell IRh.
Michel Broch began his career at the Federal Court of Insurance and the Legal Department of the Federal Banking Committee (now FINMA). He joined Ernst & Young as a banking and financial Advisor in 1990, later becoming a partner then a Board member. After being appointed Chairman of the Executive Committee of Banque Safdié SA in Geneva in 2002, he created his own consultancy specialising in services to banks and financial institutions in 2005. He was appointed respectively Vice-Chairman and Chairman of REYL & Cie Ltd’s Board of Directors and Audit and Risk Committee in 2009.
Pasha Bakhtiar began his career in 1998 with Lombard Odier Darier Hentsch in Geneva before moving to Dubai in 2004 to participate in the launch of LODH’s operations in the UAE. In 2010, he was one of the early movers in the impact investing space by founding Willow Impact Investors, a private equity fund focusing on East Africa. After a successful exit, Pasha Bakhtiar took on the role of Chief Executive Officer of ES Bankers Dubai Ltd. He joined REYL & Cie in 2015 as co-founder and CEO of REYL Finance (MEA) Ltd in Dubai to develop the Group’s activities prior to moving back to Geneva and becoming a Partner in 2018.
Jan Frogg has over 30 years of experience in hedge funds, asset management and financial services. As Head of Union Bancaire Privée’s Alternative Investments (one of the largest hedge fund investors) from 2004 to 2010 he ran an international team spread across New York, Geneva, London and Tokyo offices. He previously held various senior roles in Geneva, Paris and London, notably with Goldman Sachs Asset Management. Jan Frogg currently holds several board memberships in the asset management and hedge fund industry and is also the president and co-founder of TGIT Music SA Since 2012 (music production, publishing and touring).
Sunnie J. Groenveld
Sunnie J. Groeneveld is the Managing Partner of the digital transformation consultancy Inspire 925, the Associate Dean of Studies of the Executive MBA Digital Leadership at the HWZ University of Applied Sciences in Zurich and a board member of several medium-sized companies in Switzerland in the media, communications, health insurance and engineering sector. Previously, she worked as the first Managing Director of digitalswitzerland, Switzerland’s largest cross-industry initiative on digital transformation. Moreover, she is the author of the book “Inspired at Work” (Versus Publishing), was named as one of the “Top 100 Women in Business”, appeared in the list “Top 50 Who is Who in Digital Switzerland” by Handelszeitung as well as in the “30 under 30” list of Forbes magazine. Sunnie graduated in Economics from Yale University and was awarded an honorary doctorate by the International University in Geneva for her accomplishments in building sustainable business models and transformation projects in Switzerland.