Vettivetpillai recruited to head LGT Impact

Sev Vettivetpillai, who left The Abraaj Group earlier this year, has joined LGT Group as head of the asset manager’s impact investment arm, LGT Impact. A well-known emerging markets investor, Vettivetpillai resigned from Abraaj in December last year, where he’d been a member of both the firm’s investment and executive committees as well as Chairing the group’s Partners Council. He left the high-profile emerging markets investment firm in March.

Having led impact investing for Abraaj, he has now been recruited by the LGT Group to significantly expand LGT Impact and its investment activities. His plans reportedly include building a team of about 50 investment professionals and raising regional funds for Latin America, sub-Saharan Africa, South Asia and Europe. The unit is focused on investment opportunities in education, health care, energy and agriculture.

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