Calvert Foundation Appoints Jennifer Pryce President and CEO


Lisa Hall to Lead Global Impact Investing Initiative at Anthos Asset Management

FOR IMMEDIATE RELEASE

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BETHESDA, MD – September 3, 2013 – Calvert Foundation's Board of Directors announced today that Chief Strategy Officer Jennifer Pryce will be the organization's new President and CEO upon the departure of Lisa Hall, who is leaving Calvert Foundation to join Anthos Asset Management in the newly created position of Managing Director of Impact Investing. While Ms. Pryce will assume the role of President and CEO effective immediately, Ms. Hall will stay on as Strategic Advisor through mid-October.

Ms. Pryce brings nearly 20 years of business, nonprofit, finance and community development experience to her new role. Since arriving at Calvert Foundation in 2009, Ms. Pryce has risen from the position of U.S. Portfolio Manager to Vice President of Strategic Initiatives in 2011 and Chief Strategy Officer in 2013 before being named the new President and CEO. She has led the organization's Strategic Initiatives team and its work on raising capital, developing new products and initiatives, and marketing and communications. Ms. Pryce has also overseen Calvert Foundation's wholly owned Community Investment Partners subsidiary, which offers fund and asset management services for institutional clients.

Throughout her tenure at Calvert Foundation, Ms. Pryce's teams have anchored their work around the development of initiatives that combine a social issue with the power of impact investing. One such program is the Women Investing in Women Initiative (WIN-WIN), which is the only retail impact investing product available to U.S. residents that is focused on supporting organizations empowering women. WIN-WIN was launched by the Strategic Initiatives team under Ms. Pryce's leadership in 2012 and has invested more than $10 million in organizations investing in women.

Calvert Foundation Co-Founder and Co-Chairman of the Board Wayne Silby shared, "We will always be grateful to Lisa for her leadership and contributions during Calvert Foundation's most recent evolution and we wish her well in her new role with Anthos. Fortunately, when it came time to pick Lisa's successor, Jenn's decades of experience, innovative spirit and dedication to Calvert Foundation made her the clear choice. Jenn is the best candidate for the job and she has the full confidence of the Board, which looks forward to working with her as our new CEO and President."

Before joining Calvert Foundation, Pryce was a director for the Nonprofit Finance Fund, where she headed their DC-Metro Area office. Ms. Pryce has also held positions at Wall Street firms, working at Neuberger & Berman as an equity research analyst and Morgan Stanley's London office in the Investment Banking division. She was a Peace Corps Volunteer in Gabon, Africa and also worked at the Public Theater in New York City. Ms. Pryce received a Bachelor of Science in Mechanical Engineering from Union College and a MBA from Columbia University.

"I'm honored that the Board has demonstrated their trust in me," said Ms. Pryce. "It's been my privilege to work closely with Lisa as a member of Calvert Foundation's senior management team, and I feel fortunate to step into an organization which has benefited greatly from Lisa's integrity, transparency and commitment. Her dedication has enabled the mission of Calvert Foundation to thrive. I am extremely fortunate to have the Board's commitment in the months ahead to implement a smooth transition in leadership and I am excited and eager to get started and lead Calvert Foundation into its next chapter."

Ms. Hall, who will assume her new role in November as Managing Director of Impact Investing with Anthos Asset Management in November, joined Calvert Foundation in 2005 and was named President and CEO in 2010. Since that time, Calvert Foundation has been a global leader in impact investing and an enduring voice for social change, growing its assets to more than $400 million and creating positive social impact through affordable housing products, expanding access to financial services through education and promoting sustainable agriculture. Under her leadership, Calvert Foundation has created nationally recognized initiatives, such as WIN-WIN, that empower individuals to invest for impact in the fight against global poverty.

"It has been an honor to serve Calvert Foundation for the last eight years and I am grateful to have had the opportunity to be part of an organization that is leading the impact investing movement," said Ms. Hall. "While my decision to take on a new challenge was difficult, there is no one I trust more than Jenn to guide us into the future. Her tremendous experience, commitment and dedication are evident to all of us who work with her, and I am fully confident that the organization will flourish and continue to grow under her leadership."

At Anthos Asset Management, Ms. Hall will be responsible for building and managing a new portfolio focused on social, environmental and financial returns. Headquartered in Amsterdam, The Netherlands, Anthos Asset Management is the investment arm of Anthos, the family office of the Brenninkmeijer family. Lisa will relocate to Amsterdam, bringing with her to this new role more than 25 years of experience in the financial services sector and impact investing.

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About Calvert Foundation

Calvert Foundation empowers investors to empower communities. Through the Community Investment Note, Calvert Foundation enables individuals and institutions to invest in helping low-income communities become healthy and prosperous. Our investors have facilitated the creation of thousands of jobs, classroom seats, affordable homes, and critical services in the U.S. and around the world. Learn more at www.calvertfoundation.org.

About Anthos Asset Management

Anthos Asset Management B.V. is a privately owned investment manager. The firm provides services as part of the Anthos family office of the Brenninkmeijer family, founders of the retail fashion chain C&A.

Editor's Note

Calvert Foundation is a separate entity from Calvert Investments, Inc. and its products should not be confused with any Calvert Investments-sponsored investment product. In order to avoid confusion and be consistent when referring to Calvert Foundation in print news stories, always use "Calvert Foundation" as opposed to "Calvert".

 
 

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