Melissa Moi has joined UOB from Bank of America as head of its sustainable business, in a further sign that ESG (environmental, social, and governance) hiring is heating up in Singapore.
Moi is “supporting the delivery of a sustainable business strategy across UOB’s footprint”, according to her LinkedIn profile. This includes “the management and mitigation of ESG risk, development of sustainable business strategies and frameworks, supporting sustainable product innovation, and driving the bank’s leadership in sustainable finance”.
She had been with BoA for 10 years, starting in a corporate social responsibility role, and then becoming head of Asia Pacific ESG.
Moi’s appointment follows UOB’s decision last year to increase its focus on sustainability. The bank’s Q3 2021 results presentation noted that it is on track to reach by this year its initial goal to build a sustainable finance portfolio of $15bn by 2023. By the end of Q3 it had approved $14bn in sustainable financing. In April last year, UOB appointed Eric Lim into the newly created position of chief sustainability officer.
UOB isn’t the only firm in Singapore hiring in ESG. Earlier this month, Eleonore Dachicourt joined BNP Paribas Wealth Management as head of sustainable and responsible investments for Asia. Deutsche Bank is recruiting for an ESG centre of excellence in the Republic. In September last year, Citi named Raphael Erasmus as its head of sustainability and corporate transitions for Asia Pacific, a newly-created, Singapore-based role.
Abrdn, BNP Paribas Asset Management, NNIP, Nordea Asset Management, Robeco and Schroders have set up sustainability hubs in Singapore, or have announced their intention to do so, according to a survey published in November by the Monetary Authority of Singapore. BlackRock, Fidelity International and Fullerton now have global or Asia Pacific regional ESG heads in Singapore to “drive their sustainable investing strategies and stewardship activities”. In December, Eastspring Investments, the Singapore-based asset management business of Prudential plc, announced it had hired Stuart Wilson as head of sustainability.
ESG jobs are also booming in Hong Kong, as we reported earlier this month.