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Panos Seretis

Panos Seretis

Executive Director, ESG Research

Panos Seretis serves as the Head of ESG Research in EMEA. Previously, he was Director of HOLT Equity Research at Credit Suisse and has held financial analyst and corporate finance roles at GE Capital in London and Procter & Gamble in Athens. Panos holds an MBA from University of Cambridge and a BA in Finance from University of Piraeus.

Research and Insights

Articles by Panos Seretis

    ESG Investing in Emerging Markets

    Report | Feb 11, 2020 | Zoltán Nagy , Ric Marshall , Panos Seretis

    Recent MSCI studies have shown historical positive correlation between environmental, social and governance considerations and corporate financial performance. Has this pattern held in emerging-market equities?

    Banking on ESG: Examining the Financial Relevance of ESG to Banks

    Report | Sep 3, 2019 | Ric Marshall , Panos Seretis

    Recent studies by MSCI ESG Research have shown an historical link between ESG considerations and stronger corporate financial performance. Has this relationship applied to spread businesses, such as banks?

    Taking Stock: Share Buybacks and Shareholder Value

    Report | Jul 31, 2018 | Agnes Grunfeld , Ric Marshall , Panos Seretis

    Contrary to concerns expressed by many observers, we found no compelling evidence of a negative impact from share buybacks on long-term value creation for investors overall. We did find, however, that buybacks can impact long-term investment returns differently for active and index investors. Over the periods we observed, Companies where index investors were the largest shareholders included a much wider range of buyback impacts, good and bad, than companies where the largest shareholders...

    “G” is Just One Part of the ESG Story

    Blog | Jun 26, 2018 | Meggin Thwing Eastman , Panos Seretis , Meggin Eastman

    When it comes to ESG (environmental, social and governance) investing, conventional wisdom holds that G is the only part that really matters, as a window into overall management quality and providing insights and value for investors. Our analysis suggests this has not been true; that the E and S aspects of ESG did help sort the truly outstanding firms from a group that already shares an array of robust financial traits.

    Enhancing Economic Value With ESG

    Report | Apr 19, 2018 | Meggin Eastman , Panos Seretis

    In this paper we apply an ESG filter to a highly selective universe of 100 companies that have already been screened for value creation as measured by ROIC, economic spread, margins and asset turnover ratio. We found that those with higher ESG Ratings had higher average ROIC and were valued at a premium compared to companies with lower ESG ratings.

    Women on Boards and the Human Capital Connection

    Report | Mar 6, 2018 | Panos Seretis , Meggin Eastman

    Studies have asked whether having multiple women on a board of directors has translated into better financial performance. But is that the whole story? Does the number of women on boards relate to a company’s overall human capital policies and its financial performance? Our findings suggest that the whole is greater than the sum of the parts. Companies with both a more diverse board and stronger talent management practices enjoyed higher growth in employee productivity compared to companies...