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WWF-Philippines Chairman and WWF-International Board Member Vince Pérez has just joined the Advisory Board of the Pictet Clean Energy Fund, one the world’s largest alternative energy funds, which invests worldwide in companies that will profit from the transition to clean energy.
The Pictet Clean Energy Fund is managed by Pictet Asset Management, the investment management arm of Pictet & Cie. Founded in Geneva in 1805, Pictet & Cie is today one of Switzerland’s largest private banks, with assets under management and custody totalling US$ 384 billion and employing more than 3000 people worldwide.
Pérez was invited to the Advisory Board in recognition of his industry experience ‘in the clean energy space,garnered from positions of leadership in the Philippine government and in the private sector … and recognized as an innovative strategist with sound entrepreneurial skills.” Pérez also chairs Merritt Partners, an energy advisory firm and serves as CEO of Alternergy Partners, a renewable power company.
Lory Tan, Vice Chairman and CEO of WWF-Philippines, says “We welcome the membership of Vince Pérez in the Pictet Clean Energy Fund advisory board, which compliments WWF’s corporate engagements on sustainability in the Philippines.”
Pérez served as a Philippine Energy Minister from 2001 to 2005, boosting energy self-sufficiency, promoting clean indigenous energy and crafting an ambitious renewable energy policy framework. Prior to 2001, Pérez specialized in Latin American debt restructuring at Mellon Bank and later in capital markets, and private equity in emerging countries at Lazard in London, New York and Singapore. He became General Partner of the New York investment bank Lazard Frères as head of its Emerging Markets Group. He was Managing Director of Lazard Asia in Singapore from 1995 until 1997.
Pérez then founded Next Century Partners in 1997, a private equity firm based in Singapore. In 2000 he founded Asian Conservation Company which acquired El Nido Resorts. In 2006 he invested in Northwind Power, the first commercial wind farm in Southeast Asia. He is also a member of the advisory board of the Yale Centre for Business and Environment. Based on his clean energy background, he has consulted for ADB and IFC on renewable energy policy, and is a member of the Philippine National Renewable Energy Board.
The Pictet Clean Energy Fund currently has US$650 million under management, making it one of the largest alternative energy funds. In 2009, the fund was awarded the ‘Best of the Best Performance Awards’ in the ‘Clean Resources’ category by Asia Asset Management. In 2008 and 2009, the fund also won the ‘Best Alternative Energy Fund’ category. This UK-based award recognizes funds that invest in new technologies which create solutions to the climate change issue.
Launched in May 2007, the Pictet Clean Energy Fund invests in companies that contribute to and profit from the world’s transition to less carbon-intensive energy. The fund has a concentrated portfolio of 60-80 stocks that operate in the fields of carbon-free energy resources and technology such as solar, wind and hydro, and in energy efficiency.
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