Ethical fund manager U Ethical has announced chief executive, Mathew Browning, will step down in mid-2026.
Browning has been CEO of the not-for-profit ethical fund manager for eight years and during that time, he has transitioned the firm from being the internal investment arm of the Uniting Church to a responsible investment manager.
These changes have included a modern product structure, refreshed branding and distribution across major platforms.
A board-led executive search process is underway to seek his replacement.
Browning said: “I joined U Ethical in 2018 believing there was investor demand for ethical investing, and that U Ethical had the right ethos and credentials to become a leader in this space. Now, with key capabilities in place, and momentum in external clients and FUM flow, it’s the right time for new leadership.”
Fiona Pearse, chair of U Ethical said: “Since joining U Ethical in 2018, Mat has led the transformation of the organisation from being essentially the Uniting Church’s internal investment arm into a stand-alone, award-winning responsible investment manager.
“The extended transition allows the board time to undertake a thorough search for our next CEO and ensures time for a smooth leadership transition. With an established management team in place, there will be no change to our investment philosophy, process, or client service.”
U Ethical was established in 1985 and its profits indirectly support programs run by the Uniting Church and its partners.
