Impax Asset Management Group, an environmental investment manager, has established a U.S. subsidiary, Impax Asset Management (U.S.) and hired Ken Locklin as managing director.
Locklin has over 30 years’ experience in the finance sector, including 20 years in environmental markets. Prior to joining Impax, he was director of finance and investment for the Clean Energy Group and has worked with industry bodies like the Investor Network on Climate Risk. Prior to this, Locklin was a partner and portfolio manager with Energy Investor Funds and a founder and senior advisor to the Massachusetts Green Energy Fund.
Impax says it is expanding into the American market in response to “rising interest in environmental markets portfolios from institutional investors, investment advisors and consultants based in the United States.”
Ian Simm, Impax chief executive, said:
"We are pleased to announce the incorporation of a subsidiary in the United States and the appointment of Ken Locklin. Impax is growing rapidly as institutional investors seek to commit significant amounts of capital to the environmental sector and the U.S. is a key market for our expansion. Ken’s considerable expertise and leadership in the environmental and wider financial sectors will be invaluable as we extend our commercial activity and raise our profile in the U.S..”
UK-based Impax Asset Management Group has been managing funds since 1998 and now has about US$3.5 billion under management across a range of funds and segregated managed accounts.
Impax Asset Management Group plc is an AIM quoted specialist investment manager dedicated to the environmental sector.