Arabesque Asset Management, the self-styled 'sustainability quants' has annouced its CIO, Anja Mikus, has been seconded for six months to become the interim CEO and CIO of the German government’s EUR 23.6 billion nuclear phase-out fund.
While the move is subject to approval by EU authorities, the German federal parliament approved a bill on 15th December 2016 to transfer liabilities for storing nuclear waste to the state, marking a significant step for Germany’s journey towards clean energy.
Speaking on Tuesday's announcement, Omar Selim, CEO of Arabesque, said: 'We are delighted for Anja Mikus in her secondment to lead the German government’s nuclear phase-out fund, and it is a privilege for Arabesque to support in this way. We wish her every success as she embarks on what is an important project for Germany’s transition to clean energy.'
Mikus served as the CIO for Union Investment with more than $250bn assets under management before joining Arabesque in 2014, where she has overseen investment products and processes alongside leading the firm’s growth strategy.