Meet the IPCM team
Dr Matthew 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.
Matthew 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. He is a frequent speaker at international investment conferences, and has addressed the World Economic Forum in Davos, Switzerland on a number of occasions.
Dr Roland Rott is Managing Director at Inflection Point Capital Management and leads the global research team. He has 15 years of equity research experience. Roland joined from GO Investment Partners LLP where he was an investment partner for the European Focus Fund responsible for identifying new investment ideas, fundamental analysis and engaging with portfolio companies on strategy, finance and ESG factors to enhance risk-adjusted returns. Previously, Roland was responsible for corporate governance analysis and engagement with European large-cap companies within GO’s Stewardship Services team. He started his career as a management consultant in the financial industry working for KPMG and Deutsche Bank and served as a corporate governance analyst for institutional investors, corporate boards and international organisations. Roland holds a PhD in Finance and an MSc in Economics and Business Administration from Goethe-University in Frankfurt and he is a CFA charterholder. He is fluent in German and English.
Andy White is now an Associate Director at IPCM, where he continues to provide thought leadership to the firm’s ongoing and extensive research programme. He transitioned into this role in mid-2016, after having served in a more operational role as Executive Managing Director and Global Head of Research since IPCM’s founding in 2009.
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, Andy worked in industry for two major, publicly-traded companies: Cape PLC in the UK, and BASF AG in Germany. He 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, Paul 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. He 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, Paul 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.
Prior to joining Inflection Point Capital Management, Heather 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, Heather 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, her 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. Heather 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.
Donald MacDonald has been a long-serving trustee of the British Telecom Pension Scheme, one of the largest in Britain. He has also served as chair of the Institutional Investors Group on Climate Change, a group of European asset owners and managers with combined assets of over $10 trillion. The IIGCC played a major role at the pivotal COP 21 climate negotiations in Paris, and continues to be an important investor voice helping to accelerate the implementation of the agreement. He was also the founding chair of the UN Principles for Responsible Investment (PRI), the largest and most influential investor coalition in the world. Under his chairmanship, the PRI grew dramatically, and today has over 1500 members and over $60 trillion in combined assets under management.
Donald was formerly a member of the national executive council of the National Communications Union in the UK and led the union’s organising focus heading up a team that built up union membership and activity, and delivered modern behaviour-focused recognition agreements in previously non-union companies in the telecom, IT, and customer contact centre areas.
Perrine 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.
Perrine 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. Perrine Dutronc is a Chevalier de la Légion d’Honneur.
Over 30 years of experience in the global asset management industry and more than 15 years in the sustainable finance space. Extensive background in investments, capital raising and strategic advisory. Anton has acted as Senior Advisor to numerous leading investment management firms, including, Old Mutual Asset Management, Clay Finlay, Investcorp, Mesirow Financial, Polaris Investments and ECPI.
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. Anton 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 a team member of Chase Capital Corporation in New York, the US$650 million private equity investment arm of The Chase Manhattan Bank. He originated, negotiated and closed numerous private equity investments in various industries.
Anton Freda is a member of the Board of LFIP, the asset management company jointly owned by LFAM and IPCM. He is a member of the investment committees of TT Venture, an early stage Venture Capital fund, where he oversees a portfolio of eighteen companies. He was a member of the International Advisory committee of Polaris Investment, the asset management arm of one of the leading European Foundation. He was member of the International Advisory committee of ECPI, a sustainable research firm, spinoff of Bocconi University; he was instrumental in the reengineering of the first sustainable Hedge Fund of Funds. He was a member of the Board of Fondamenta, a leading Private Equity investment firm. He is also a member of Innovation Second Pillar, a Swiss think tank institute focusing on comparative analysis of European pension systems.
Anton holds a Doctorate in Economics and Finance from The University of Siena, Italy, and an MBA from New York University Stern Graduate School of Business.
David 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, David’s early career was spent at leading UK private equity firm 3i, and at McKinsey. He later co-founded 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, published by Harvard Business School, and in recent years has served as a senior, cabinet-level advisor to the UK government on a number of capital markets and corporate governance issues.
Valborg is an experienced lawyer, educated in Norway, who over the last 12 years has been engaged in work to develop, implement and advise on responsible investment (RI) policy and activities. From 2005 to 2013 she headed the work to develop and implement an RI strategy at principal level for the Norwegian Government Pension Fund Global (GPFG), one of the biggest sovereign wealth funds globally. Valborg played key roles in two public reviews of the GPFG’s responsible investment practices. These reviews included high-level stakeholder engagement as well as dialogue and collaboration with peer investors. During her time with the Norwegian Ministry of Finance, Valborg initiated targeted discussions with peer institutional investors across the globe on responsible investment practices.
Valborg is founder and Director of Borg Consulting, applying her knowledge of the institutional investor role to facilitate dialogue on RI practices and ESG integration along the investment chain. She leverages an extensive investor network globally and regularly contributes to the debate on RI best practice at bespoke and public events. Valborg is an advocate of broader stakeholder engagement both at investor and company level and has a particular interest in the various recent regulatory initiatives defining good stewardship for financial institutions. Valborg is a guest lecturer at Cass Business School in London, addressing the theme of Sustainable Finance.
Valborg holds a Law Degree and a Graduation Course in Spanish Language and Literature from the University of Oslo. She speaks five languages in addition to her native Norwegian.
With nearly ten years’ experience working in financial services, Alexander began working full time for IPCM in 2015 as a senior analyst and before that spent 18 months working as a project member for the United Nations Environment Programme Finance Initiative. He previously worked in private client stockbroking as a qualified investment representative and trainee investment manager having obtained the Certificate in Investment Management.
Alex holds a Master of Arts (Distinction) degree in Social Sciences from the University of Manchester and a Bachelor of Arts (First-Class Honours) degree in Corporate Communication from Manchester Metropolitan University, which included two years’ study at Indiana University. He is currently working towards a PhD in Social Sciences.