Ortec Finance has appointed Maurits van Joolingen as head of its climate and ESG solutions team.
As managing director, van Joolingen will oversee the development and expansion of ClimateMAPS, a climate scenario analysis solution created with Cambridge Econometrics, aimed at supporting financial institutions with risk management.
Since starting at Ortec Finance in 2008, van Joolingen has worked with large institutional investors globally, aiding them in risk modelling and investment policy development using Ortec’s asset liability management and performance measurement technologies.
He has also collaborated with financial institutions to develop machine learning optimisation algorithms and helped CalPERS create a liquidity forecast model.
Van Joolingen 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.”
