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An Investor's Case for Prison Divestment

April 16, 2019 @ 5:30 PM

When: Tuesday, April 16 at 5:30 PM
Where: Reynders McVeigh Capital Management (121 High Street, Boston)
Register here.


In the past decade, the prison divestment movement has pushed institutions to divest over $4.3 billion from the private prison industry. What began on university campuses expanded to cities, teacher’s pension funds and in 2019, to large financial institutions. JPMorgan Chase recently announced it would no longer bank the private prison industry while Wells Fargo announced it is ceasing marketing efforts to the prison sector. Join us for a discussion with investment professionals on the various ethical, financial, and risk concerns associated with investing in the prison industrial complex and how divesting can improve portfolio performance. Informal networking will begin at 5:30, and the panel will start at 6.

Speakers include:

Maria Egan, Portfolio Manager & Shareholder Engagement Manager at Reynders, McVeigh Maria implements investment strategies for clients that align with their individual needs and values. She also helps clients understand their portfolios through financial literacy. Further, Maria advises the trust department of a major law firm using Reynders, McVeigh’s macroeconomic outlook coupled with proprietary independent research to best suit each underlying client’s needs. Maria provides additional research expertise in the burgeoning private impact investments space, where capital is allocated to prove that measurable social impacts can be coupled with financial returns. Maria also directs the Firm’s shareholder engagement, which includes submitting shareholder proposals to companies, voting proxies, and participating in industry peer groups. Read Maria's full bio here.

Pat Tomaino, Direc­tor of Socially Respon­si­ble Investing at Zevin Asset Management
Pat leads Zevin Asset Management’s envi­ron­men­tal, social, and gov­er­nance (ESG) research and engage­ment — to help cre­ate respon­si­ble invest­ment port­fo­lios, as well as pos­i­tive impact on behalf of clients. To that end, Pat dia­logues with cor­po­rate exec­u­tives, builds coali­tions with NGOs and peer firms, and chal­lenges port­fo­lio com­pa­nies with share­holder pro­pos­als. He also iden­ti­fies emerg­ing sus­tain­abil­ity issues and over­sees proxy vot­ing. For sev­eral years, Pat was a Senior Ana­lyst on the respon­si­ble invest­ment team of F&C Asset Man­age­ment. He has held research roles for sev­eral pro­gres­sive groups, includ­ing Sen­a­tor Eliz­a­beth Warren’s 2012 cam­paign and the Ser­vice Employ­ees Inter­na­tional Union (SEIU). A grad­u­ate of Har­vard Col­lege, Pat serves on the Socially Respon­si­ble Invest­ing Com­mit­tee of the Uni­tar­ian Uni­ver­sal­ist Asso­ci­a­tion, the Invest­ment Com­mit­tee of Boston Ujima Project, and the board of direc­tors of Bet­ter Future Project.

Sada Geuss, Investment Manager at Trillium Asset Management Sada Geuss is an Investment Manager in the Boston office. Prior to joining Trillium in 2015, Sada was an Investment Analyst at Deutsche Bank where she spent over ten years providing investment advisory services to individual, family office, and institutional clients.Sada received her B.A. in Environmental Studies, with a concentration in Policy and Management, from the State University of New York College of Environmental Science and Forestry. She holds the Accredited Investment Fiduciary® designation.

Mari Schwartzer, Director of Shareholder Activism and Engagement at NorthStar Asset Management
Mari is NorthStar’s Director of Shareholder Activism and Engagement. Mari joined the firm in 2008 and drives the shareholder activism arm of NorthStar, with the entire firm in support of NorthStar’s work. As the shareholder advocacy lead, Mari helps NorthStar create social change using our clients’ investments in publicly traded companies. Her responsibilities include researching, writing, and filing shareholder proposals, navigating legal challenges from companies in response to our proposals, leading company negotiations, mounting activism campaigns, and voting all corporate proxies for NorthStar clients. Mari performs in-depth social research on issues of interest to NorthStar and our clients, and contributes to the investment team’s discussions of social issues in public equity and outside investments like community loan funds and private equity. She has a bachelor’s degree from the University of Central Florida, as well as a master’s from Simmons College.

Ana Milosavljevic, Consultant at Sustainserv Ana leverages her understanding of environmental science, policy making, and business to approach corporate sustainability challenges with an interdisciplinary, practical, and problem-solving mindset. Before joining the Sustainserv team, Ana worked for a Washington, DC-based government relations firm that engaged organizations on their legislative strategy and communications with lawmakers. Ana holds a bachelor’s degree in Environmental Analysis and Policy and a minor in Business Administration from Boston University.