CalPERS loses ESG head Simpson to Franklin Templeton. | With Intelligence

CalPERS loses ESG head Simpson to Franklin Templeton.

The California Public Employees Retirement System (CalPERS) has lost ESG head Anne Simpson to manager Franklin Templeton — the same firm that later hired CalPERS’ former CIO, a position that remains unfilled.

Simpson has served as the $492bn pension’s managing investment director for board governance and sustainability since November 2020. She will join Franklin Templeton as global head of sustainability on February 22.

James Andrus, investment manager at CalPERS, will serve as interim managing investment director, board governance and sustainability at the fund while it seeks a permanent replacement, CalPERS spokesperson Megan White told With Intelligence.