Portsmouth, N.H., 16 May, 2023 – Impax Asset Management (“Impax”), a specialist asset manager investing in the transition to a more sustainable economy, today announced the retirement of Joe Keefe, President, Impax North America effective January 2024 after 18 years with the organization. Ed Farrington has been appointed incoming President, Impax North America.
Joe Keefe has served as the President of Impax North America since the merger between Impax and Pax World Management in 2017. Prior to that, he served as President and CEO of Pax beginning in 2005. He is a former member of the Board of Directors (2000-2006) of US SIF, the trade association representing asset managers and investors engaged in sustainable investing throughout the United States. Before entering the investment management industry, Joe worked in private law practice for 16 years.
Ed Farrington, Impax’s Head of Distribution, North America, will succeed Joe as President of Impax’s North American business, Impax Asset Management LLC, and as a board member of the Impax Funds.
Based in Portsmouth, New Hampshire, Ed is a senior distribution leader with over 20 years of experience in the investment management industry. He joined as as Head of Distribution, North America on September 30, 2021. He leads Impax Asset Management’s institutional and intermediary sales and client service efforts, engaging with consultants, advisers, institutions, and plan sponsors on issues ranging from investing in the transition to a more sustainable economy to global retirement systems.
With a bachelor’s degree in political science from the University of New Hampshire, Ed also holds the FINRA Series 6, 7, 24, and 31 registrations, and serves on the sustainability advisory board at the University of New Hampshire.
Ian Simm, Founder and Chief Executive, Impax, said: “I want to thank Joe for the commitment and leadership he has shown over the past 18 years. Throughout his time in the industry, he has established himself as a thought leader in the sustainability and gender lens investing space. We have all benefited from his vision – and his passion, kindness and good nature will be missed.
“At the same time, we are thrilled to welcome Ed to his new role. Since he joined the team in 2021, Ed has proven himself as an outstanding leader, demonstrating energy, pragmatism, and a clear passion in investing in the transition to a more sustainable economy.”
Joe Keefe said: “I want to thank everyone at Impax for their support over the years. I am incredibly proud of what we have accomplished together and grateful for my time in this industry. As we transition to a more sustainable economy, there’s more work to do, and I know Ed Farrington is the right person to carry the business forward. I have known and respected Ed for many years – he is an outstanding leader and I know he will guide the Impax North American business to further success.”
Ed Farrington added: “I am honored to be taking on this role and to build on Joe’s work over the past 18 years. Impax’s authenticity and heritage positions us extremely well as asset owners in the US and Canada are increasingly interested in the opportunities associated with the transition to a more sustainable economy. I am excited by the tremendous potential to grow the business in North America further.”
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Founded in 1998, Impax is a specialist asset manager, with £39.4bn/US$49.5bn AUM as of 30 April 2023, in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.
Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.
Impax has approximately 280 employees across its offices in the United Kingdom, the United States, Ireland, Hong Kong and Japan, making it one of the investment management sector’s largest investment teams dedicated to sustainable development.
Impax Asset Management Group plc includes Impax Asset Management Ltd, Impax Asset Management (AIFM) Ltd., Impax Asset Management Ireland Ltd, Impax Asset Management LLC, and Impax Asset Management (Hong Kong) Limited (together, “Impax”). Impax Asset Management Ltd, Impax Asset Management (AIFM) Ltd and Impax Asset Management LLC are registered as investment advisers with the U.S. Securities and Exchange Commission (“SEC”), pursuant the Investment Advisers Act of 1940 (“Advisers Act”). Registration with the SEC does not imply a certain level of skill or training.
UK – The Paper is only being made available to and is only directed at persons in the United Kingdom who are professionals, defined as Eligible Counterparties, or Professional Clients, within the meaning of the rules of the Financial Conduct Authority. Under no circumstances should any information contained in this Paper be regarded as an offer or solicitation to deal in investments in any jurisdiction. In the United Kingdom, this material is a financial promotion and has been approved by Impax Asset Management Limited OR Impax Asset Management (AIFM) Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority.
EEA – The Paper is only being made available to and is only directed at persons in member states of the European Economic Area (the “EEA”) who are professionals, defined as Eligible Counterparties, or Professional Clients, as defined by the applicable jurisdiction. Under no circumstances should any information contained in this Paper be regarded as an offer or solicitation to deal in investments in any jurisdiction.
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Canada – The Document is being provided by Impax Asset Management Limited. This entity is not registered as an adviser in Canada and would provide any investment advice to you pursuant either to the terms of the “international adviser exemption” from registration or the “international sub-adviser exemption” from registration in the applicable jurisdiction(s) of Canada. Disclosure about such entity’s non-resident and unregistered status in Canada will be provided at the time of onboarding. [CH1]
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