RNS Number : 2573T
Impax Asset Management Group plc
16 March 2023

Impax Asset Management Group plc

("Impax" or the "Company")

Directorate Changes

Impax, the AIM listed specialist investor focused on a more sustainable economy, is pleased to announce the appointment of Karen Cockburn as Executive Director on the Impax Board, effective today, following the conclusion of the Company's Annual General Meeting.

Karen Cockburn was appointed as Impax's Chief Financial Officer with effect from January 2023. In this role, Karen leads the Company's Finance function, including Investor Relations, has oversight of Governance arrangements and the Legal function, and is a member of Impax's Executive Committee, contributing to commercial and strategic business matters.

Karen is a qualified Chartered Accountant with over 25 years' financial and operational experience in financial services. Before joining Impax, Karen was Transformation CFO at Virgin Money plc, focused on the integration of Virgin Money and Clydesdale Banking Group. Previously, she spent nine years at Aegon in various strategy, transformation and finance leadership roles, latterly as Chief Financial Officer of Cofunds. Having qualified with KPMG, she spent her early career with GE Capital and Lloyds Banking Group. Karen is also a founder and board member of a digital start-up, Legado Technologies Ltd. Karen is a fellow of the Irish Institute of Chartered Accountants and holds a BSc and MSc in Accounting and Finance from Queen's University, Belfast.

Karen becomes the second Executive Director on the Impax Board, along with Impax Chief Executive, Ian Simm.

The resignation of Non-Executive Director, Vince O'Brien, who previously notified the Board of his intention to retire after 13 years with Impax, became effective at today's AGM.

Sally Bridgeland, Chair, said: "I am delighted to welcome Karen as an Executive Director. She is a highly experienced professional, whose background in finance, technology and operations will be a tremendous asset to the Impax Board. I would also like to thank Vince personally for his commitment and considerable contribution to Impax over the years."

During the five years immediately preceding the date of this announcement, Karen Josephine Cockburn (née McCambridge), who is 54 years old, held the following directorships:


Legado Technologies Limited

Impax Asset Management Limited

Impax Asset Management (AIFM) Limited

Impax Asset Management LLC




Lochside Nominees Limited

Andrews Nominees Limited

Witham Institutional Nominee Limited

Victoria Nominees Limited

Cofunds Nominees Limited

Cofunds Limited

Cofunds Leasing Limited

Dorset Nominees Limited

Minster Nominees Limited

Aegon Investment Solutions Limited



There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rules for Companies.


LEI number: 213800AJDNW4S2B7E680

- Ends -


 Impax Asset Management Group plc

Ian Simm, Chief Executive

Paul French, Head of Corporate Communications




+44 (0)20 3912 3000

+44 (0)20 3912 3032

Montfort Communications

Gay Collins

Jack Roddan




+44 (0)77 9862 6282

+44 (0)7825 670695

Peel Hunt LLP, Nominated Adviser and Joint Broker

Paul Shackleton or John Welch


+44 (0)20 7418 8900


Berenberg, Joint Broker

Gillian Martin



+44 (0)20 3207 7800


Notes to Editors - About Impax Asset Management

Founded in 1998, Impax is a specialist asset manager, with £40.4bn / US$48.6bn as of 28 February 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 300 employees across its offices in the United Kingdom, the United States, Ireland and Hong Kong, making it one of the investment management sector's largest investment teams dedicated to sustainable development.


For more information: www.impaxam.com  

Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on the Alternative Investment Market of the London Stock Exchange.  Impax Asset Management Group plc is registered in England & Wales, number 03262305.  AUM relates to Impax Asset Management Limited, Impax Asset Management (AIFM) Limited, Impax Asset Management Ireland Limited and Impax Asset Management LLC.  Impax Asset Management Limited and Impax Asset Management (AIFM) Limited are authorised and regulated by the Financial Conduct Authority and are wholly owned subsidiaries of Impax Asset Management Group plc.  Please note that the information provided and links from it should not be relied upon for investment purposes.


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