With thanks to Miriam Heale, Allen & York, www.allen-york.com
Appointment of month
Sustainability rating agency Inrate has appointed Philipp Leu as its new chief executive, effective 1 January. Leu was previously head of financial reporting at SIX Swiss Exchange, where he was responsible for monitoring and enforcing the financial reporting of issuers listed on the exchange.
After graduating, Leu worked as an auditor and consultant. “Both jobs gave me a thorough understanding of corporate reporting,” he explains. In 2003, he joined SIX Swiss Exchange, where his task was to improve reporting to investors. “There I experienced a shift from the focus on financial statements towards governance and sustainability aspects and I wanted to be on the forefront of this development,” he says. “Being fascinated by the reputation of Inrate and their longstanding experience as a sustainability rating agency, I was proud to become their new CEO.” His new “mission” will be to emphasise Inrate's role in translating complex sustainability issues into useful investment advice.
“I made my first money by interviewing people for a market research firm,” says Leu. “It was basically convincing strangers that by committing to the interview they might be able to change things for the better.
“Once again I am convincing people. This...