Impax Asset Management (LON:IPX)

Impax Asset Management (LON:IPX)


Share Price
251.00 p
Change
-9 (-3.46 %)
Market Cap
£327.34 m
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Impax Asset Management

Founded in 1998, Impax offers a range of listed equity, fixed income, smart beta and real asset strategies.

All strategies utilise the firm’s specialist expertise in understanding investment opportunities arising from the transition to a more sustainable economy.

We are engaged investors, in regular dialogue with companies in our portfolios and reporting on our stewardship...

EPIC: IPX
Market: AIM:IPX
52-week High/Low: 295.00p / 178.50p
Sector: General financials [T3]
Market Cap: £327.34 m
Website: www.impaxam.com
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Impax Asset Management Snapshot

Mission Statement

To generate superior, risk-adjusted investment returns from opportunities arising from the transition to a more sustainable economy for clients with a medium to long-term horizon.

In addition, to provide a stimulating, collaborative and supportive work-place for our staff,

And to make a contribution to the development of a sustainable society, particularly by supporting or undertaking relevant research and engaging or collaborating with others.

Values
Be the solution


Our core focus and motivation is to offer solutions. It defines the investment approach we offer our clients, the contribution we make to the broader global community and the attitude we bring to work each day.

A Passion for excellence

We are passionate about our mission and our work. We strive for excellence in everything we do. We hold ourselves to high standards and trust each other to share these aspirations and contribute to the results.

All voices valued

We make better decisions if we are diverse and inclusive. All voices are welcomed and all voices are heard. We aspire to a dynamic culture that embraces change and inspires the evolution of new ideas.

Doing better together

We believe we can do far more, far better, working together as a team. True collaboration means treating others as we want to be treated. We value and respect our colleagues, clients and partners, their families and the wider community.  We are all interconnected and cannot hope to succeed alone.

Building a common future

We have a responsibility to promote prosperity while protecting the planet. We are committed to sustainable development, and to stewarding our environmental and societal impact for the benefit of current and future generations.

Investment Philosophy

  • We invest in companies and assets that are well positioned to benefit from the shift to a more sustainable global economy.

We believe that:

  • Capital markets will be shaped profoundly by global sustainability challenges, particularly climate change, environmental pollution, natural resource constraints, demographic and human capital issues such as diversity, inclusion and gender equity. 
  • These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
  • Fundamental analysis which incorporates long-term risks, including environmental, social and governance (ESG) factors, enhances investment decisions.


We invest in companies and assets that are:

  • Well positioned to benefit from the shift to a more sustainable global economy.


We offer:

  • A well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long-term.
  • We seek higher quality companies with strong business models that demonstrate sound management of risk.

Keith Falconer
Chairman

Keith was appointed Chairman of Impax Asset Management Group plc in January 2004.

After qualifying as a Chartered Accountant in 1979, he joined Martin Currie, the independent Edinburgh-based investment firm. The first part of his career was spent managing portfolios on behalf of institutional clients. Subsequently, he became the Managing Director of Sales and Marketing. He retired from Martin Currie at the end of 2003 and is now also Chairman of a number of other companies.

 

Ian Simm
Founder and Chief Executive

Ian Simm is the Founder and Chief Executive of Impax Asset Management Group plc, which in 2018 celebrated its 20th anniversary and is today one of the world’s leading investment managers dedicated to investing in the transition to a more sustainable economy. Impax currently manages ca. £11.6 billion in listed equity, private equity and fixed income strategies, primarily for institutional owners*. In 2014, the firm became the first investment manager to win the Queen’s Award for Sustainable Development.

Prior to Impax, Ian was an engagement manager at McKinsey & Company advising clients on environmental strategy. Between 2013 and 2018 Ian was also a board member of the Natural Environment Research Council (NERC), the UK’s leading funding agency for environmental science; he is currently a member of the Steering Committee of the UK’s Green Finance Institute. Ian has a first-class honours degree in physics from Cambridge University and a Master’s in Public Administration from Harvard University.

 

Arnaud de Servigny
Non-Executive Director

Arnaud joined the board as a Non-Executive Director in June 2018 and is a member of the Remuneration Committee and the Audit & Risk Committee.

He currently holds non-executive directorships at BNP Paribas Asset Management France, Bramham Gardens Investments Limited, Bramham Gardens SARL and Fondation Pour l’Ecole. He was previously a Managing Director at Deutsche Bank Asset Management and has also worked at Barclays Wealth, Standard & Poors and BIM private equity fund. Arnaud has been a visiting Adjunct/ Professor of Finance at Imperial College Business School since 2005 and is the author of several books on finance, economics and investment management.

 

Vince O'Brien
Non-Executive Director

Vincent O'Brien is a Non-Executive Director of Impax Asset Management Group plc and is a member of the Remuneration Committee and the Audit and Risk Committee.

He has worked in the private equity industry for over thirty years, twenty two of these as a director of Montagu Private Equity. Vince is a Chartered Accountant, he is currently chairing or advising a number of private equity companies including Quest Fund Placement and Nesta Impact Investments. He is a former chairman of the BVCA and served on its council for seven years.

 

Sally Bridgeland
Non-Executive Director

Sally joined the board as a Non-Executive Director in July 2015 and is a member of the Remuneration Committee and the Audit and Risk Committee.

She is currently a non-executive director of Royal London, Lloyds Banking Group Pensions Trustees Limited and the Local Pensions Partnership Ltd and a trustee of NEST Corporation and the Nuclear Liabilities Fund, having worked in the UK pensions industry for 30 years. Originally qualifying as a Fellow of the Institute of Actuaries with consultants Bacon & Woodrow (now Aon Hewitt), she was CEO of the BP Pension Fund from 2007-2014.  Sally held a number of voluntary roles with the actuarial profession and was the first lady Master of the Worshipful Company of Actuaries 2016-17.

 

Lindsey Brace Martinez
Non-Executive Director

Lindsey joined the Board as a Non-Executive Director in July 2015 and is a member of the Remuneration Committee and the Audit and Risk Committee.

Lindsey served as a member of the Executive team and was a Managing Director at Cambridge Associates. She held multiple roles during her 15-year tenure at the firm including Global Head of several areas covering Client Service and Relations, Business Development and Client Relationship Management, and Consulting.

She is the Founder and CEO, StarPoint Advisors, LLC, Member of the Advisory Board for the Yale Center for Business and the Environment, Member of the Investment Committee for the National Geographic Society, Chair of the Board, Novatus Energy LLC, Trustee of Pax World Funds Series Trust 1 and Board member of Seven Islands Land Company.

Lindsey holds an MBA (finance and strategy) and a Master of Environmental Studies from Yale University.

She has 30 years’ experience in investment advisory, natural resources portfolio management, institutional marketing and sales, and management consultancy.

 

Zack Wilson
Group General Counsel, Executive Director

Zack serves as Group General Counsel for Impax Asset Management Group plc and is also Company Secretary. Prior to joining Impax in 2011, Zack was Director & General Counsel for the investment management and corporate finance advisory group Development Capital Management.

Previously he was Corporate Counsel for Telewest Global Inc (renamed Virgin Media Inc), where he played a leading role in managing the successful execution of high profile transactions including the Group's $10bn financial restructuring. Zack qualified as a solicitor at the global law firm Norton Rose, specialising in Corporate Finance. He holds a Master of Arts in Jurisprudence from Oxford University.

Shareholder Register

Number of shares in issue: 130,415,087
Percentage of securities not in public hands: 49.55

With the exception of restrictions imposed by orderly market arrangements and US securities laws applicable to 2,665,989 of the Company’s AIM securities, there are no restrictions on the transfer of the Company’s AIM securities.

The following interests in three per cent or more of the issued ordinary share capital, excluding treasury shares, have been notified to the Company as at 12 June 2019.

 

Name Number Percentage
BNP Paribas Asset Management Holding 31,920,000 24.5
Ian R Simm* 9,575,880 7.3
Impax Asset Management Group plc Employee Benefit Trust 2012 8,260,493 6.3
Hargreave Hale Limited 7,302,500 5.6
Blackrock Investment Management 7,031,271 5.4
J Keith R Falconer* 6,637,775 5.1
Hargreaves Lansdown Asset Management 5,199,133 4.0
Rathbone Investment Managers 5,129,149 3.9
Bruce Jenkyn-Jones** 4,906,864 3.8
Asset Management One 4,167,955 3.2

 

General Enquiries
Email: [email protected]
Switchboard: +44 (0)20 3912 3000

 

Media enquiries
Karen Wagg
Director of Communications
Tel: +44 (0)20 3912 3142
Mobile: +44 (0)77 2555 8551
Email: [email protected]

 

UK Enquiries
Meg Brown
Managing Director, Business Development
Tel: +44 (0)20 3912 3133
Email: [email protected]

 

Scott Thompson
Director, Business Development
Tel: +44 (0)20 3912 3137
Email: [email protected]

 

Private Equity Infrastructure/Sustainable Property
Nicholas Burlington
Associate Director, Real Assets Investor Relations
London Tel: +44 (0)20 3912 3136
Email: [email protected]

 

US Enquiries

Molly Ono
Director, Business Development and Client Service
Portland Tel: 503 998 1113
Email: [email protected]

David Richardson
Executive Director, Business Development
New York Tel: 203 864 3244
Email: [email protected]
 

Ken Locklin
Director, Business Development
Washington, D.C. Tel: 703 476 1561
Email: [email protected]

 

 

General Enquiries
Email: [email protected]
Switchboard: +44 (0)20 3912 3000

 

Media enquiries
Karen Wagg
Director of Communications
Tel: +44 (0)20 3912 3142
Mobile: +44 (0)77 2555 8551
Email: [email protected]

 

UK Enquiries
Meg Brown
Managing Director, Business Development
Tel: +44 (0)20 3912 3133
Email: [email protected]

 

Scott Thompson
Director, Business Development
Tel: +44 (0)20 3912 3137
Email: [email protected]

 

Private Equity Infrastructure/Sustainable Property
Nicholas Burlington
Associate Director, Real Assets Investor Relations
London Tel: +44 (0)20 3912 3136
Email: [email protected]

 

US Enquiries

Molly Ono
Director, Business Development and Client Service
Portland Tel: 503 998 1113
Email: [email protected]

David Richardson
Executive Director, Business Development
New York Tel: 203 864 3244
Email: [email protected]


Ken Locklin
Director, Business Development
Washington, D.C. Tel: 703 476 1561
Email: [email protected]

 

Impax Asset Management Group plc engages a range of advisers whose contact details can be found below.


REGISTRARS
Link Asset Services
40 Dukes Place
London
EC3A 7NH

AUDITORS
KPMG
15 Canada Square
London
E14 5GL

LAWYERS
Stephenson Harwood
1 Finsbury Circus
London
EC2M 7SH

NOMINATED ADVISER & BROKER
Peel Hunt LLP
Moor House
120 London Wall
London
EC2Y 5ET

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