Global PSSL brings further United Nations experience on board
(Cardiff, 21 November 2024) Global Principles for Sustainable Securities Lending Community Interest Company (Global PSSL CIC) is thrilled to welcome Michael Riggs to the CIC board as a non-executive director. Michael, who currently works on sustainable development in the United Nations system, will act as a chief programmes advisor for the Global PSSL Secretariat in his role as non-executive director.
This advisory appointment significantly strengthens Global PSSL in its mission to improve securities lending, securities finance and the broader sustainable finance sector.
Global PSSL CEO, Radek Stech, said: “We’re all very grateful for the valuable contribution Michael has made thus far. This appointment will allow us to capitalize on his skills, and is great news for stakeholders wanting to strengthen governance around sustainable finance and ESG. Sadly, we continue to read about appalling and reckless behaviours (often demonstrated by prominent and well-established organisations) that erode people’s confidence in the foundations of sustainable finance. As our mission to improve governance and transparency gains further momentum, I look forward to working more closely with Michael and drawing on his substantial experience.”
Michael Riggs expressed his enthusiasm and said: “Since I began my advisory role with Global PSSL last December, I’ve seen how an ambitious group of committed stakeholders can energise and inspire those around them. Global development and prosperity depend upon mature practices and strong and decisive actions. Global PSSL is providing a clear mandate and mechanism through which to improve securities lending, and I very much look forward to contributing in whatever way I can.”
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Contact Information regarding this press release:
Dr Radek Stech: radek.stech@gpssl.org
Ela Slota, Executive Assistant: ela.slota@gpssl.org
About Global PSSL
Global Principles for Sustainable Securities Lending (Global PSSL) is the fundamental global mechanism for aligning securities lending with transparency and sustainable finance. It has been co-created by Dr Radek Stech, prominent asset owners, asset managers, sovereign wealth funds, banks, hedge funds other stakeholders committed to positive change since 2018. Global PSSL has received significant funding from the Economic and Social Research Council (ESRC), part of UK Research and Innovation, through the Sustainable Finance – Law – Stakeholders (SFLS) Network at Exeter Law School in addition to some financial assistance from some industry stakeholders. The ESRC grant request was designed based on earlier engagement with stakeholders shaping values-based banking, green bonds and sustainable project finance as well as continuous contact, research and discussions with staff from the World Bank (the official partner on the grant). In order to preserve its impartiality, the Global PSSL framework is based within its own independent community interest company.
