David Li, a senior portfolio manager at Impax Asset Management, has passed away unexpectedly, the UK-headquartered investment management firm said in a statement.
“I’m very sad to share the news that David Li, a senior member of our portfolio management team, passed away unexpectedly last weekend in his home city of Sydney, Australia. David was seemingly in good health when he collapsed while enjoying a quiet dinner with friends,” said Impax CEO Ian Simm in a statement on Friday.
“We are utterly devastated by the loss of our colleague and friend and are offering support to his family during this tragic time.”
“David was a highly valued leader and mentor of Impax’s Asia-based team, a brilliant analyst, and a talented portfolio manager. On a personal level, he was generous and warm with a gentle sense of humour.”
Li co-managed Impax’s Asian environmental markets investment strategy and, more recently, Asian opportunities strategy. Initially living in Hong Kong, during the pandemic he moved back to his native Australia to be closer to his family.
He joined Impax in 2007 as the firm’s first colleague in Asia. Prior to that, he was head of small- and mid-cap research for Asia ex-Japan at Deutsche Bank and head of regional media research at ING.
To provide continuity at Impax, Kirsteen Morrison will join Oscar Yang as interim co-portfolio manager on the Asian environmental markets and Asian opportunities strategies. Morrison has been on the strategy team for both strategies since their inception. In addition, Paul Peng, research analyst, will join the strategy team for both Asian environmental markets and Asian opportunities.