RIAA becomes twin-headed organisation

The Responsible Investment Association of Australasia has become a twin-headed organisation with CEOs in Australia and New Zealand.

Friday, November 24th 2023, 4:29PM

The association has appointed, Estelle Parker and Dean Hegarty as of co-chief executives following the departure of current CEO, Simon O’Connor.

The co-CEO transition aligns with a comprehensive approach to ensure a cohesive and diverse leadership structure for RIAA, chairman Ross Piper says.

“Building on their deep existing relationships with our members and across other partners and government, Estelle and Dean's collaboration is envisioned to provide solid momentum for advancing RIAA’s mission and strategy during a pivotal time for the sector's professionalisation.”

He said RIAA has an "ambitious mission to advance a financial system that aligns capital with a healthy and sustainable economy, society and environment."

Both incoming CEOs will drive this mission. “Their demonstrated success as an executive team, complemented by shared values, a strong working relationship, and a profound passion for RIAA’s mission, positions them ideally for the co-CEO model.”

Parker and Hegarty have demonstrated exceptional leadership in advancing a more responsible and sustainable financial system as executive managers at RIAA. "Their leadership has been instrumental in RIAA's growth and impact, placing the organisation in a robust position today."

Parker has spearheaded the expansion and growth of the industry leading RIAA Certification Program. Her senior government diplomatic experience brings crucial expertise in government relations, policy making and many issues that responsible investors care about such as Human Rights and the SDGs. This is particularly crucial as the sector enters a period of responsible investment and sustainable finance legislative developments.

She has also been instrumental in leading critical external engagements, such as convening the official Australasian Consultation Group for the Taskforce on Nature-related Financial Disclosures (TNFD), leading RIAA’s involvement in the Dhawura Ngilan Business and Investor Initiative on First Nations cultural heritage protection and participating in government stakeholder committees.

"Under her guidance, RIAA’s programs have achieved heightened levels of professionalism, impact, and value delivery to its members."

Hegarty, is RIAA’s first New Zealand-based executive, and has played a pivotal role in enhancing the organisation’s presence and activity in both Australia and New Zealand, contributing to substantial growth and organisational changes.

He has more than a decade of experience leading teams in the not-for-profit sector and his efforts have resulted in significant membership growth, a more than doubling in size of RIAA’s annual conferences in both Australia and New Zealand, developing key industry partnerships, and established himself as the voice of RIAA in New Zealand.

« Sustainable impact fund typically 10-15% of portfolio for ethical investors

Sustainable investment grows down under »

Special Offers