The Inflection Point Capital Management team
Matthew J. Kiernan
Dr Kiernan is founder and Chief Executive of Inflection Point Capital Management. Prior to the creation of the firm in 2009, he had been founder and Chief Executive of Innovest Strategic Value Advisors, an investment research and advisory boutique which was rated as #1 in the world in the sustainable investment space by institutional investors. The firm was sold to MSCI in 2009-10. Prior to that, he had served as Director of the World Business Council for Sustainable Development in Geneva, and as a senior advisor to the Secretary General of the U.N. Earth Summit in Rio de Janeiro in 1992.His work at the WBCSD focused on the potential role of the global capital markets to drive systematic social, environmental, and economic change. Prior to that, he had been a senior partner in the strategy consultancy of KPMG in North America.
Dr Kiernan has lectured on sustainable investment and finance in executive programs at the Wharton School, Columbia Business School, Oxford University, Stanford, HEC, and the London Business School, among others. He also served on the guest faculty of Cambridge University’s Executive Program for Sustainability Leadership, founded by HRH The Prince of Wales. He holds advanced degrees in political science and environmental studies, as well as a doctorate in strategic management from the University of London.
He has published dozens of articles and book chapters on sustainable finance and strategic management. His first book, The 11 Commandments of 21st Century Management, was translated into eight languages. His most recent book, addressing the future of investment management, is Investing in a Sustainable World. Dr Kiernan is a frequent speaker at international investment conferences, and has addressed the World Economic Forum in Davos, Switzerland on a number of occasions.
Andy White is Executive Managing Director at IPCM, and leads the global research team. Prior to joining IPCM he served as global Managing Director of Research with Innovest Strategic Value Advisors. In that capacity, he was instrumental in building and leading the research team which was consistently as rated #1 in the world. During his six years at Innovest, he also led in the creation of a number of new investment products and tools, working with such leading asset managers as HSBC, RCM Allianz Dresdner, and Hermes. In addition, he led several ground-breaking advisory assignments, including the one which created the Access to Medicines Index of global pharmaceutical companies. He also was instrumental in creating an industry-leading analytical tool for assessing companies’ performance in implementing the UN Global Compact. Prior to joining Innovest, he served as Managing Director at Core Ratings (a sister company to Fitch) and at PIRC, where he specialized in corporate governance. Earlier in his career, he had worked in industry for two major, publicly-traded companies: Cape PLC in the UK, and BASF AG in Germany. Mr White holds a Master’s degree in environmental management, with a first degree in business.
Paul Clements-Hunt has been a thought leader in the global sustainable finance and investment industry for more than 25 years in a career spanning business, the United Nations, international policy circles and the media. He has been deeply embedded in global policy discussion around climate change, biodiversity, human rights issues and sustainable business since the early 1990s.
In 2011-2012, Clements-Hunt supported Former UK Prime Minister Gordon Brown in his work on financial stability and sustainability for UN Secretary General Ban Ki Moon. From 2000 to 2012, he headed UNEP Finance Initiative, the largest and oldest partnership between the UN and the global financial services and investment industries. During this period he was the original UN backer for the UN-backed Principles for Responsible Investment, launched in 2006 and now supported by 1300 investment institutions representing USD 32 trillion in assets. Clements-Hunt was a UNPRI Board/Advisory Council member for six years. In March 2012 he left the UN to establish The Blended Capital Group, an investment advisory firm that works closely with IPCM.
As an entrepreneur, Clements-Hunt established one of the first environmental strategy and technology consultancies for Southeast Asia while based in Bangkok (1991-1998) and then took the business inside the world's largest testing, inspection and verification group, the Swiss multinational SGS. From 1998 to 2000 he was the Senior Energy and Environment Policy Manager for the Paris-based global business organisation, the International Chamber of Commerce (ICC). In the mid 1980s he was a UK-based journalist specialising in environmental business issues. He lives near Geneva with his wife and three sons.
A capital-raising specialist for investment management firms operating in the traditional and alternative investment spaces, Mr Freda designs and implements international business development strategies. He was previously Director, Co-Head of European Business Development for Wellington Management, an asset management firm with over US$450 billion under management, and Director, Head of Europe for SEI Investments, a global asset management/fiduciary management firm with over US$100 billion under management. Mr Freda was a founding team member of the private equity group of SBC Equity Partner, the US$750 million private equity investment arm of Swiss Bank Corporation, and also a founding team member of Chase Capital Corporation in New York, the US$650 million private equity investment arm of The Chase Manhattan Bank. He has acted as a Senior Advisor to numerous investment management firms.
Mr Freda received a Doctorate in Economics and Finance from The University of Siena, Italy, and an MBA from New York University Stern Graduate School of Business.
He is a member of the Board of LFIP, the Paris based asset management company jointly owned by LFAM and IPCM; a member of the investment committees of TT Venture, an early stage Venture Capital fund of funds; and member of Innovation Second Pillar, a Swiss think tank institute focusing on comparative analysis of pension systems.
Prior to joining Inflection Point
Capital Management, Ms Langsner served as global
Managing Director of Research at Innovest. Prior to
accepting that leadership and strategic role, she had
served as a senior analyst for the Diversified,
Specialty and Commodity chemicals sectors, Industrial
Conglomerates, Aerospace/Defense and Semiconductors. She
has made notable investment recommendations both short
and long and drafted a clean-tech oriented
nanotechnology index in 2005 which was recognized in an
award ceremony held by the Foresight Institute, The
Enhanced Analytics Initiative and Citigroup. As Managing
Director of Research, Ms Langsner conducted all
backtesting and statistical analysis projects on
Innovest’s sustainability and financial data, developed
new products, and oversaw a team of over fifty analysts.
Prior to her work at Innovest, Ms Langsner’s consulting
work consisted of two years of technical due diligence
for major environmental insurance recovery arbitrations
with Lloyds of London, as well as the completion of an
industrial ecology protocol commissioned by Dubai
Holdings on a multi-industry production center in the
United Arab Emirates. Ms Langsner holds a dual MSc in
Industrial Engineering and Environmental Science &
Policy from Columbia University, and has also completed
graduate work in Environmental Chemistry at Johns
Hopkins University. She has been a guest speaker at the
National Academy of Sciences and the United Nations, and
is a CFA candidate.
Mr Pitt-Watson is the former CEO of
Hermes Focus Asset Management (HFAM), the largest group
of shareholder stewardship and activist funds in Europe.
HFAM had over $5 billion in assets under management,
which significantly out-performed the market. HFAM has
been globally recognized as a leader in the fields of
responsible investment, corporate accountability, and
shareholder engagement, and has catalyzed significant
performance improvements in a number of major European
companies. He was also the principal author of the
Hermes Principles, an internationally influential code
of conduct for superior corporate governance. Prior to
joining Hermes, Mr Pitt-Watson’s early career was spent
at leading UK private equity firm 3i, and at McKinsey.
After that, he was a co-founder of Braxton Associates,
which subsequently joined Deloitte, where he served as a
partner for twelve years, and led the UK strategy
consulting practice. He is a graduate of Queens College
at Oxford University, and also holds both MBA and MA
degrees from Stanford University. He is also co-author
of the influential book The New Capitalists,
which was published by Harvard Business School, and has
served as a senior, cabinet-level advisor to the UK
government on a number of capital markets and corporate
governance issues over the last several years.
Gordon Noble, F Fin BEcB. Econ., Dip. Applied Finance
Former Senior Analyst with Innovest,
where he focused on analyzing both companies and
cross-cutting thematic issues in the Asia Pacific
region. Mr Noble spent 3 years with Innovest. Previous
experience with a leading Australian superannuation
fund, the UN Principles for Responsible Investment
secretariat, and National Australia Bank. He was also
the principal advisor to the newly-created Responsible
Investment Academy in Sydney. He holds Bachelor of
Economics, Graduate Diploma in Applied Finance and
Investment, Fellow FINSIA (formerly Securities Institute
Mrs Dutronc is a Managing Director in the Paris office. Prior to joining IPCM, she led predecessor company Innovest Strategic Value Advisors' development in continental Europe for five years, and became MSCI's Head of ESG Business and Product Management for Europe when MSCI acquired Innovest in 2010 (via its acquisition of RiskMetrics). During those years she was instrumental in establishing Innovest, then MSCI, as the thought leader in ESG research in Europe and the best-positioned house to foster ESG integration across the financial community. She also led pioneering efforts within MSCI ESG Research to develop a fixed income research offering, leading to the development of the first family of ESG fixed income indices in a joint effort by MSCI and Barclays. Mrs Dutronc had previously worked for JP Morgan Chase in Paris for eight years as an auditor, corporate finance analyst and director of external communication before redirecting her career to the field of responsible finance and sustainability by joining Terra Nova Conseil, a pioneer of SRI in France in 2000. While at Terra Nova, she became an expert at applying socially responsible strategies to employee savings plans. She graduated with top honours from the Institut d’Etudes Politiques de Paris and holds a Master’s degree in organizations’ sociology. She was a Treasurer of the French Social Investment Forum from 2005 to 2008 and a Board member from its creation in 2001 until 2013. Mrs Dutronc is a Chevalier de la Légion d’Honneur.
Ms Cassey is a senior analyst in the London office. Prior to joining Inflection Point Capital Management, she worked at the UN-supported Principles for Responsible Investment, a major collaborative initiative among institutional asset owners and managers which currently has $32 trillion in signatory assets. The focus of her work at the PRI was on assisting major asset owners in integrating ESG considerations and research into their equity strategies and fundamental analysis. Prior to her work at the PRI, Ms Cassey had trained as a private client investment manager at Taylor Young Investment Management, a thematic boutique subsequently acquired by Rathbone Brothers, where she covered the Utilities and Technology sectors. She also completed the IMC and levels I and II of the CFA Program. Other relevant experience includes research analysis for a green venture capital firm and for the European Social Investment Forum in Paris. Ms Cassey holds a BA in Philosophy and Politics from Durham University and an MSc in Environmental Technology from Imperial College, London.