The company positions to boost global market research and analysis
Bellingham, Wash. (March 31, 2016) — Saturna Capital Corporation ("Saturna"), manager of the Amana, Saturna Sustainable, and Sextant mutual funds, has announced the promotion of Scott Klimo, CFA, to chief investment officer and the appointment of Nick Kaiser, CFA, as global strategist.
Chief Investment Officer
Stepping into the CIO position, Mr. Klimo, CFA, will oversee Saturna's investment team and guide the firm's investment process and research. He continues in his portfolio manager roles for several Saturna mutual funds.
"Serving for four years as Saturna's director of research, Scott has been instrumental in expanding and deepening the firm's investment research capabilities, and we are thrilled he has advanced to lead our investment team," said Jane Carten, president and CEO of Saturna. "As a strong leader and seasoned global investor, he also brings a personal commitment to values-based investing that upholds Saturna's investment philosophy and will further enhance our ability to deliver modern investment tools to investors and advisors around the world."
Mr. Klimo, age 55, has over 25 years of global investment management experience. He joined Saturna in 2012 as director of research. He has deep expertise in domestic, international, and emerging equity markets, and keen analytical skills in building financial models for companies and industries. As director of research, Mr. Klimo guided Saturna's analyst team as they further refined the firm's proprietary socially responsible security grading methodology to create Saturna's ESG (environmental, social, and governance) security rating system. That project culminated in the 2015 launch of the Saturna Sustainable Equity and Bond Funds that invest globally according to ESG principles.
Previously, Mr. Klimo served as a senior analyst, research director, and portfolio manager for investment firms in Thailand, Hong Kong, and the United States.
In the newly created position of Global Strategist, Nick Kaiser, CFA, age 69, is responsible for developing Saturna's view on global market trends and conditions, asset allocation, and investment strategies. Relinquishing day-to-day oversight of Saturna's investment team to Mr. Klimo, Mr. Kaiser, continues as portfolio manager for several Saturna equity mutual funds and private accounts.
Ms. Carten explained that as global markets continue to integrate and pose new challenges for investors, Saturna sees the need to boost its global market and investment trend research and analysis, and asset allocation decision-making. The delegation of CIO responsibilities to Mr. Klimo will allow Mr. Kaiser to focus on these increasingly important areas for Saturna. Mr. Kaiser continues to serve as Saturna Capital's chairman and president of its mutual fund trusts.
Mr. Kaiser founded Saturna in 1989 as a values-based investment management firm that adheres to the principles of socially responsible investing (SRI). For many years, he led Saturna in pioneering the development of Islamic equity strategies for US and international investors. The Amana Funds, designed for US investors and managed by Saturna according to Islamic guidelines, have won numerous awards from US and foreign rating agencies and have been recognized for adhering to the highest sustainability standards.
Values-Based Global Asset Managers
Saturna Capital Corporation, established in 1989 in Bellingham, Washington, USA, is an investment adviser with $3.5 billion in assets under management globally, providing investment advisory services to mutual funds, institutions, businesses, individuals, and endowments.
Saturna Capital is also adviser to the Saturna Investment Trust, consisting of nine mutual funds: Sextant International, Sextant Growth, Sextant Core, Sextant Global High Income, Sextant Bond Income, Sextant Short-Term Bond, Saturna Sustainable Equity, Saturna Sustainable Bond, and the Idaho Tax-Exempt Fund.
Saturna Sdn. Bhd., located in Kuala Lumpur, Malaysia, is a wholly-owned subsidiary of Saturna Capital, specializing in Islamic investment advisory services for individuals and institutions.
Saturna Capital has three other wholly-owned subsidiaries: Saturna Brokerage Services, located in Bellingham, Washington, USA, provides general discount brokerage services and distributes Saturna's affiliated U.S.-based mutual funds; and Saturna Trust Company, headquartered in Reno, Nevada, USA, provides trust services to families, charities, trusts, estates and retirement plans. Saturna Environmental Corporation provides environmental education and other programs at its historic camp facility in the Northwest's Cascade Mountains.
About the CFA Credential
The Chartered Financial Analyst (CFA) charter is a globally respected, graduate-level investment credential awarded by CFA Institute — the largest global association of investment professionals. There are currently more than 129,000 CFA charterholders working in 135 countries. To earn the CFA charter, candidates must: 1) pass three sequential, six-hour examinations; 2) have at least four years of qualified professional investment experience; 3) join CFA Institute as members; and 4) commit to abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of Professional Conduct. For more information visit www.cfainstitute.org.