Pendal Group is acquiring the Commonwealth Superannuation Corporation's stake in ESG house Regnan.
Regnan specialises in ESG research, engagement and advisory services. It will continue to continue to offer its independent services under the brand and the acquisition has no material impact to Pendal's financials, the investment manager said.
Pendal Australia chief executive Richard Brandweiner said: "Full ownership of Regnan [Pendal already owned 50%] will allow us to further support our clients by enabling it to leverage the fundamental insights if a highly regarded investment management organisation, across equities, fixed income and multi-asset portfolios."
"Delivering evidence-based, multi-asset ESG research and stewardship is a unique value proposition, which supports our goal to deliver sustainable, risk-adjusted out-performance for our clients," he said.
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Regnan started at Monash University in the 1990s. Pendal Group (formerly BT Investment Management) and CSC were the co-founders and put up seed capital for it.
In 2017, Regnan's chief executive Amanda Wilson stepped down after nearly six years. She was replaced by Pauline Vamos who left after 12 months and later joined the embattled insurer Freedom Insurance Group.
Regnan's acting chief executive Alison George said: "This represents an exciting new chapter for Regnan, allowing us to further develop our research and engagement capabilities and to have them more deeply embedded in investment processes outcomes for investors."
Pendal manages $2 billion in sustainable and ethical strategies.