Carmen Nuzzo is Head of Fixed Income at the Principles for Responsible Investment, where she is responsible for the sovereign, sub-sovereign, securitised products and private debt workstreams, as well as the PRI’s flagship ESG in Credit Risk and Ratings initiative. She works with investors, credit rating agencies, issuers, ESG information providers and other stakeholders to develop a better understanding of how ESG factors can impact debt instrument pricing.

Prior to joining the PRI in 2017, Carmen was an Executive Director at Morgan Stanley focussing on Sustainable Economics. She started her career in 1993 as a macroeconomist at Salomon Brothers, subsequently working for Citigroup, with stints in the not-for-profit sector, including at ShareAction.

Carmen holds a Laurea in ‘Political Science’ (major economics) from La Sapienza University in Rome and a Ph.D. in ‘Capital Markets and Business Finance’ from the University of Bergamo. She was a visiting scholar at the N.Y.U Stern Business School, working on the Ho-Lee model for her dissertation.