U Ethical Investors executive joins Accenture

Sumita Theagesan has left Ethical Investors to join Accenture's capital markets strategy and consulting practice.

In announcing her departure from the Melbourne-based boutique ethical funds manager, Theagesan said the last few years working as a manager in the distribution team has been "vastly impactful and rewarding".

"I'm privileged to have made a significant contribution to the strategy and growth of one of Australia's oldest dedicated ethical asset managers," she said.

Before joining U Ethical two years ago, Theagesan was based in Singapore and Hong Kong, dealing fixed income products for Mizuho Securities Asia - the Japanese investment banking and securities firm and subsidiary of Mizuho Financial Group.

She began her career in financial services in 2013 at Commonwealth Bank before moving into global markets in 2016 and undertaking various front office dealing roles between Sydney and Melbourne specialising in foreign exchange, options, and interest rates.

Theagesan has also previously held positions at Colonial First State Global Asset Management (now First Sentier Investors) and PwC.

Separately, U Ethical Investors last week announced the promotion of deputy investment chief Jon Fernie to chief investment officer replacing James Cook who will step down from the fund at the end of the year.