Appointment of Greenbank to manage University endowment portfolio

Greenbank are market leaders in sustainable investment management and have a vision to help clients invest their money as a force for good, together championing the transition to a healthier planet and a more equitable society.

Peter Fotheringham, Director of Finance for the University of Dundee, said, “We have appointed Greenbank to manage the University’s endowment portfolio, which currently stands at around £31million, following a competitive tender process, an exercise which involved staff and students from across the University.

“Greenbank were selected as they demonstrated the strongest ability to deliver sustainable returns, combining strong financial analysis with ethical, sustainable and impact principles, all of which can help us to better align with our own principles and strategic priorities.”

Craig Leslie, Investment Director at Greenbank said, “The University of Dundee has made a commendable commitment to a more sustainable approach across their activities, and transparency towards their stakeholders. We look forward to partnering with Peter and his colleagues, leveraging our 20-year track record in ethical and sustainable investment to help achieve the University’s objectives.”

Among other things, income from the University’s endowment investments helps to directly support students at the University. In 2022/23 this led to 212 students receiving financial support.