Bethesda, Maryland-based investment management firm Calvert Investments has hired John Streur as its next CEO. Streur will join the company on October 27, 2014 and “assume full responsibilities” on January 1, 2015. Currently, Streur is the president, director and principal of Portfolio 21.
BETHESDA, Md.–(BUSINESS WIRE)–Calvert Investments, Inc., a leading investment manager using sustainability as a platform to create value, announced today that John Streur has been selected as its next CEO. Mr. Streur will join the firm on October 27, 2014, and assume full responsibilities on January 1, 2015.
“Calvert Investments has over 30 years of intellectual capital on the importance of environmental, social and governance (ESG) factors in the investment context. Combine that with its shareholder engagement and policy work and there is no better firm to drive positive change for investors,” said Mr. Streur. “Calvert is in the right spot at a time when major institutional and private asset owners are realizing the value of a sustainable investment approach.”
Mr. Streur currently serves as President, Director and Principal of Portfolio 21, a boutique investment management firm specializing in global environmental investing. He is best known for his 20-year career as CEO of Managers Investment Group, The Managers Funds and Managers AMG Funds. Prior to the founding of Managers Investment Group in 2005, John was CEO of its predecessor entity, Portfolio Services Group and parent The Burridge Group LLC. These entities are known as innovators in the development and implementation of multi-boutique, multi-asset class operating platforms and ownership models.
“John Streur brings incredible leadership depth and breadth to this role,” said Bill Lester, Executive Vice President of Ameritas Life Insurance Corp, the parent company of Calvert Investments. “He has a long track record of successfully building and managing investment management firms. He is respected by his investment industry peers and the larger sustainability community. He is a great addition to lead the Calvert team going forward.”
Mr. Streur is a graduate of the University of Wisconsin (Bachelor of Science, College of Agriculture and Life Sciences) and is a competitive international athlete in the sport of rowing and sculling, winning the gold medal at the FISA World Masters Rowing Championships in 2013. He has four adult children and will be re-locating to the Washington, DC metro area from Portland, Oregon, with his wife Mary.
Mr. Streur will work closely with outgoing CEO Barbara Krumsiek through the end of the year, ensuring an orderly transition. On January 1, 2015, Ms. Krumsiek is stepping down from her day-to-day responsibilities as President and CEO of Calvert Investments. She will remain on the Board of Calvert Investments, Inc. Krumsiek has been named Founding Chair of the Calvert Institute, which will promote the growth of sustainable and responsible investing (SRI) through research, advocacy, and fostering innovation in the field of sustainable investing.
Wilbanks Partners assisted with this search.
About Calvert Investments:
Calvert Investments is a leading investment management company using sustainability as a platform to create value for investors. Serving financial advisors and their clients, retirement plans and insurance carriers, and institutional investors, the company offers a broad array of equity, bond, and asset allocation strategies, featuring integrated environmental, social, and governance (ESG) research and corporate engagement. Strategies are available through mutual funds, sub-advisory services, and separate account management. Founded in 1976 and headquartered in Bethesda, Maryland, Calvert Investments had more than $13 billion in assets under management as of September 30, 2014. www.Calvert.com
Ameritas Life Insurance Corp. and its affiliated companies offer a wide range of insurance and financial products and services to individuals, families and businesses. These products and services include life insurance; annuities; individual disability income insurance; group dental, vision and hearing care insurance; retirement plans; investments; mutual funds; asset management and public finance. For more information, visit ameritas.com. Securities offered through Ameritas Investment Corp., member FINRA/SIPC.