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TEB AM redefines asset management with ESG focus

IFM_TEB Asset Management CEO Yağız Oral
TEB Asset Management recognises the increasing importance of ESG in the investment landscape and the integration of sustainability into its investment philosophy

Established in 1999, TEB Asset Management (‘TEB AM’) has emerged as one of Turkey’s leading asset management companies. The business’ main shareholder, TEB Group, operates as a joint venture with BNP Paribas. Among its primary areas of business, the venture takes care of affairs like managing mutual funds and pension funds, apart from handling discretionary portfolio management-related activities for high-net-worth-individuals (HNWIs) and institutional clients, and indulging in investment advisory tasks.

The synergy TEB Asset Management has with BNP Paribas Asset Management (‘BNPP AM’), one of Europe’s leading asset managers, has continued to accelerate its progress in becoming a strong local player, supported by a successful global partner, and by the end of 2023 assets under management had risen to USD 3.42 billion.

“TEB AM has a strong focus on Environmental, Social and Governance (‘ESG’) principles within its investment strategies, including gender diversity, and in 2023 launched a women-first-themed fund, focused on gender equality and equal representation in professional life,” the venture told the International Finance.

Alongside its focus on sustainability, TEB Asset Management has also launched a fund to address the social aspect of its commitment to ESG (Environmental, Social, and Governance), in collaboration with a local university, Bahçeşehir Üniversitesi.

According to TEB AM CEO Yağız Oral, the women-first-themed fund aims to support economic and social development by strengthening gender equality and equal representation in professional life.

“We aspire to transform the investment ecosystem towards the goal of equality & inclusion by encouraging companies to contribute to a holistic framework of social development. We believe investing in a mutual fund that prioritises gender equality can promote diversity and fairness in corporate leadership, ultimately leading to better financial performance and societal progress,” CEO Yağız Oral told International Finance.

TEB Asset Management also launched a sustainability fund of funds in 2021. This was one of a number of thematic funds launched during the past three years to meet investor needs as the mutual fund landscape evolves. Themes include the metaverse and digital technology, agriculture and food technology, healthcare and biotechnology and precious metals.

“We continuously search for new ideas to keep up with the changing world and we keep a close eye on investor needs. One of the most important points that differentiates us from our peers is the strength of our relationship with BNPP AM’s global teams, meaning that we can take advantage of them, enabling us to invest in a wide range of products globally. Our rigorous investment approach combines international standards with in-house research, local expertise, and global cooperation and risk procedures,” CEO Yağız Oral added.

Overall, TEB Asset Management recognises the increasing importance of ESG in the investment landscape and the integration of sustainability into its investment philosophy. By doing so, the venture has been able to provide investors with the solutions they need to achieve their financial goals while prioritising their values and beliefs.

“By incorporating ESG principles into our investment strategies, we aim to meet the growing demand for sustainable investing options and create long-term value for our clients. As the asset management sector continues to evolve, we remain committed to meeting the changing needs of investors and ensuring that our clients can invest with confidence in a rapidly transforming world.” CEO Yağız Oral concluded.

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