Northern Trust Asset Management appoints Mamadou-Abou Sarr to the newly-created role of global head of environmental, social and governance investing.

Northern Trust Asset Management has created a new global position that is dedicated to environmental, social and governance investing. 

The decision to appoint Mamadou-Abou Sarr as global head of ESG investing addresses the increasing demand for responsible investment strategies in markets worldwide, said the firm in a statement. In this role, Sarr will lead ESG innovation and product development across a range of asset classes, with a focus on expanding into new opportunities for growth in the global institutional and wealth management markets.

Sarr was previously the senior product specialist for global index management at Northern Trust. As the global head of ESG, he will lead a cross-functional working group and will work closely with the CSR practice, which is led by Connie Lindsey, the head of corporate social responsibility and global diversity and inclusion. He will be based in Abu Dhabi and report to Wayne Bowers, the head of asset management for EMEA and Asia-Pacific.

"The global market for ESG strategies has grown from $2.6 trillion in 2002 to more than $13 trillion today, making up 22 per cent of global assets under management (as at 2012)," said Bowers. 

The asset management arm of Northern Trust comprises Northern Trust Investments, Northern Trust Global Investments, Northern Trust Global Investments Japan, NT Global Advisors, and investment personnel of The Northern Trust Company of Hong Kong and the Northern Trust Company.