The UN-backed Principles for Responsible Investment is an investor initiative in partnership with UN Environment Program Finance Initiative and the UN Global Compact. Launched by former UN Secretary-General Kofi Annan in 2006, it encourages adoption and implementation of the six Principles and works toward the creation of a sustainable financial system. The initiative is managed by the PRI Secretariat in London and supports its signatories by sharing best practice, facilitating collaboration and managing a variety of support work streams. At the time of the search in 2012, the initiative had a staff team of 40 and an annual income of c. £3 million.
As it was growing its signatory support activities, the PRI required a new Managing Director to cover development and operational aspects such as overseeing day-to-day operations, including signatory recruitment and membership management, communications and events, support functions, risk management, and to lead PRI’s organisational development, taking responsibility for the strengthening of the management team, and ensuring well-functioning governance structures and processes. The Managing Director reports directly to the Board.
Prospectus was mandated by PRI to lead the international search for the Managing Director. We were seeking individuals with broad leadership experience within an NGO or commercially focussed membership organisation operating in a multi-country, international context. In addition, candidates would ideally have experience of responsible investment, asset management and a personal commitment to the organisation’s mission.
Fiona Reynolds was appointed in December 2012, and joined PRI in February 2013. She came from the Australian Institute of Superannuation Trustees, a not-for-profit organisation whose mission is to promote and protect the interests of Australia’s $450 billion not-for-profit superannuation sector. Fiona was formerly a Director of AUSfund, Industry Funds Credit Control and the National Network of Women in Superannuation & Convenor of the Conference of Major Super Funds (CMSF). In October 2012 she was named as one of The Australian Financial Review’s 100 Australian women of influence. She has actively participated in the Australian Governments’ superannuation reform agenda as a Member of the Governments’ Peak Consultative Council.