$27bn family office seeks ESG strategies for new platform Citywire USA$27bn family office seeks ESG strategies for new platform Citywire USA
Impact Investing Forum 2023
London. Dec 05-06, 2023.
Moneta Group’s Due Diligence Team is looking for ESG strategies to populate its new platform in response to client demand. The $27bn St. Louis-based multifamily office is actively looking for ESG strategies. These strategies can be focused on the environment or aligned to particular beliefs. David Wickenhauser is leading the search. He joined Moneta in 2019, having previously worked at Charles Schwab and Edward Jones. Citywire spoke with Aoifinn Devitt, chief investment officer at Moneta. She said that while we don’t push this on anyone, clients who come to us wanting to learn more about [ESG investing] will want to do so. Devitt was appointed CIO of the company in June. She was previously the head of investment for Ireland at Federated Hermes for more than two decades. Moneta operates three main business lines: retirement account, a family office for ultra-high net worth families, and a traditional family office. Wickenhauser reports directly to Chris Kamykowski, an investment consultant. He also works alongside Mark Webster who joined Moneta from Stifel in July. Devitt is one of the nine members of the due diligence team. Moneta is currently looking to hire an alternative investment specialist and a third investment analyst to join Webster and Wickenhauser. Since 2019, the firm’s due diligence team has been working with Fiducient (formerly DiMeo Schneider & Associates). Fiducient assists in due diligence and research with additional screens and more manager reports.