BlackRock’s Bodnar Announces Bezos Earth Fund Switch

Paul Bodnar, Managing Director and Global Head of BlackRock’s US$500 billion sustainable investments platform, has announced he will leave the firm in April to join the Bezos Earth Fund. The US$10 billion non-profit was founded by Amazon’s Jeff Bezos in 2020, and says it aims to “fund scientists, activists, non-governmental organisations and others that will drive climate change and nature solutions”. While Bodnar’s precise role has not yet been confirmed, he said it will involve leading the fund’s work on climate finance, industry and diplomacy. “I’m proud to be part of a team that has built the industry’s largest sustainable investing platform and the analytical tools to advance BlackRock’s goal of helping more and more people experience financial well-being amidst a fast-changing global economy,” said Bodnar. “I look forward to harnessing my experience in finance, government, and the non-profit sector in this new challenge”. BlackRock said it is not looking to find a replacement for Bodnar’s position.

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