NEW YORK, March 24, 2020 – Cornerstone Capital Group today announced the addition of two seasoned professionals, Glen Macdonald and Shahnawaz Malik as Managing Directors and Senior Investment Advisors. Both bring extensive experience in the impact investing, capital markets, and investment advisory fields, with proven track records of providing innovative guidance to clients. Both Glen and Shahnawaz will report to Craig Metrick, Cornerstone’s Chief Investment Officer.
Erika Karp, Founder and CEO of Cornerstone, commented on today’s news, “We are delighted to welcome Glen and Shahnawaz to the team. Glen and Shahnawaz are recognized leaders who share our commitment to catalyzing the flow of capital toward a more sustainable and inclusive world on behalf of our institutional and family clients. In addition, this expansion of our team will ensure that Cornerstone continues providing clients with exceptional guidance as we continue to grow.”
Prior to joining Cornerstone, Glen Macdonald was a Managing Director at Bronfman, Rothschild, LLC and a Senior Vice President – Institutional Client Advisor at U.S. Trust. Earlier in his career, Glen was a Principal at a private equity firm, and a Partner at PwC’s management consulting unit. At PwC, he advised corporate and venture clients on business strategy, mergers and acquisitions, turnarounds, operational improvement and financial reporting. Glen leads the Wealth & Giving Forum, an organization he co-founded in 2014 that promotes values-aligned capital allocation among families who seek positive social and environmental outcomes.
“Cornerstone’s mission, depth of expertise and full alignment with my views are what attracted me to the firm,” stated Glen. “Along with the entire Cornerstone team, I believe that environmental, social and governance (ESG) factors are critical components in understanding a security’s true value and constructing a sound investment portfolio.”
Shahnawaz Malik was previously a senior banker at Standard Chartered, where he provided advisory solutions to high-net-worth & family office clients, foundations, and endowments. Prior to Standard Chartered, Shahnawaz worked for Barclays Wealth & Investment Management in London and Hong Kong, holding multiple roles across investment advisory, portfolio management and business development. Additionally, Shahnawaz is a Trustee of the Nomad Academy Foundation, a sports education charity that delivers mentoring, healthy lifestyle, and sports activities across some of the most impoverished regions in Asia.
“It’s an exciting time to join a Cornerstone, a firm dedicated to impact investing, as the move toward impact strategies continues to gain momentum throughout the financial services industry,” Shahnawaz stated. “I look forward to leveraging my advisory background to provide council to our clients with the goal to make impact investing a mainstream investing strategy.”