Ortec Finance, a leading provider of technology and risk management solutions for financial institutions, is pleased to announce the appointment of Maurits van Joolingen to lead its Climate & ESG Solutions team.
As Managing Director, Maurits will be responsible for the development and expansion of ClimateMAPS, Ortec Finance’s top-down climate scenario analysis solution, developed in partnership with Cambridge Econometrics to support the risk management needs of financial institutions.
Since joining Ortec Finance in 2008, Maurits has partnered with large institutional investors around the world, supporting them with their risk modelling and development of investment policies and strategy using Ortec Finance’s asset liability management and performance measurement technologies. He has also worked closely with leading global financial institutions, to develop machine learning optimization algorithms, as well as with CalPERS, the California-based pension and health benefit agency, to create a liquidity forecast model for its total portfolio.
Commenting on the opportunity to lead Ortec Finance’s Climate & ESG Solutions team, Maurits said: “I’m looking forward to engaging with some of the world’s leading institutional investors to help them plan for the growing impact of climate change. Institutions need the right combination of risk management tools to properly assimilate the multitude of financial and climate related factors that affect portfolio performance over the short to long-term.
Due to the long investment horizons of our clients, it is crucial for them to get a better view on how climate change can affect their ability to reach their strategic objectives as well as how transition risk, physical risk and market pricing can breach short term risk limits.”
Martijn Vos, Chief Operating Officer, added: “We are delighted that Maurits has agreed to lead the next phase of growth for ClimateMAPS. He brings huge experience to the team, having worked closely with a range of insurance companies, pension funds and other institutional investors across the US, Canada, UK, Europe and the APAC region over more than a decade.
Since its launch in 2018, ClimateMAPS has been adopted by many major institutional investors worldwide. We look forward to him leading the ongoing integration of its capabilities with our expanding range of traditional risk management solutions as we help investors struggling to understand the combined impact of climate change and other economic risks on their investments.”
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