About RAAI

Scott Kalb is the Director of the Responsible Asset Allocator Initiative at the Fletcher School, rating the world's 300 largest asset owners on their responsible investment practices, and producing research to help them deploy capital responsibly and sustainably. Previously, he served as the CIO of the KIC, Korea's $225 bn sovereign wealth fund, where he presided over a three-fold increase in AUM during his four-year tenure (2009-2012).

Mr. Kalb serves as CEO of KLTI Advisors, an organization that works with asset allocators around the world and consults for the World Bank/IFC on pension and capital markets development in countries such as Ethiopia, Georgia, Israel, Rwanda, and Vietnam.  In addition, Mr. Kalb is Co-founder and Chairman of Bright Feeds, a company that converts food waste into animal feed, saving millions of dollars for businesses while removing harmful carbon emissions. He also serves as Chairman of the Global Government Funds Roundtable, a leading community for sovereign wealth and public pension funds.

Mr. Kalb serves on the Advisory Board of the Private Capital Research Institute, a Harvard-based initiative, founded by Harvard Professor Josh Lerner, and the Center for Law Brain and Behavior based at Mass General and the Harvard Medical School. He was elected as a Representative to the Greenwich RTM for District 7 and serves as the Chair of the Finance Committee.  He earned an MA degree from Harvard University and a BA with Honors from Oberlin College.

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Patrick J. Schena, PhD, is BLR Professor of Practice in the Department of Economics, Tufts University and Director of Tufts' Finance Minor. He is also Adj Professor of International Business at The Fletcher School, where for 20 years he has taught courses on finance, investment management, and private equity.

Since 2009, he has served as Co-Head of SovereigNet, The Fletcher Network for Sovereign Wealth and Global Capital. In addition, he is an Associate-in-Research at the Fairbank Center for Chinese Studies at Harvard University. In parallel to his academic work in finance, which has included teaching in several Boston-area MBA programs, Dr. Schena has 30 years of industry experience in finance, investments, operations, and technology management with a disciplinary focus in asset management. His professional work has included finance and consultancy positions at Fortune 500 firms, as well as co-founding and serving in executive roles – including CFO, COO, and CEO - in several start-up businesses servicing the global asset management industry.

He recently served as Chairman of the advisory committee of a World Bank - PIAFF study on the evolution and role of strategic investment funds. Dr Schena holds a PhD from the Fletcher School, Tufts University with a disciplinary concentration in international finance and capital markets, a MA in Law and Diplomacy from the Fletcher School, and MA and BA degrees from Boston College.

Max Messervy is the Senior Advisor, Growth and Development for the Responsible Asset Allocator Initiative (RAAI). In this role, Max leads the development of and member recruitment for RAAI’s new membership offering to the global allocator community.

In addition to his work with RAAI, Max is the Founder & Principal of Oakledge Advisors, a new model of independent strategic advisory supporting institutional investors, asset managers, and ecosystem partners in navigating the evolving landscape of sustainable finance. Max brings nearly two decades of experience at the intersection of climate strategy, fiduciary duty, and institutional investment, translating system-level challenges and opportunities into practical, investable pathways.

Before launching Oakledge in 2025, Max held senior leadership roles within Mercer’s globally recognized Sustainable Investment team, advising public pensions, sovereign wealth funds, insurers, endowments, and development finance institutions on ESG integration, stewardship, thematic investing, and climate-solutions deployment. Earlier in his career, Max was a core member of Ceres’ Insurance Program, where he worked closely with global re/insurers, regulators, and stakeholders to advance climate-risk governance and sustainable investment practices. He also brings prior experience from the public and NGO sectors, grounding his advisory work in a multidisciplinary understanding of policy, markets, and institutional behavior. Max graduated from UCLA with a Master of Public Policy (energy & environment focus), and a B.A. Honors Religious Studies from McGill University. He lives on the North Shore of Massachusetts with his wife and two young children.

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Pratyusha is a Senior Research Analyst at the Responsible Asset Allocator Initiative (RAAI), at The Fletcher School, Tufts University. In this role, she supports RAAI's flagship Leaders List and the Responsible Climate Allocation Lab (RCAL)

Pratyusha brings cross-sector experience in responsible investment and sustainability research, having worked with asset managers, corporates, government agencies, and non-profit organizations across India, Japan, and the United States. Prior to RAAI, she held roles at TCW Group, Gap Inc. and Global SWF, where she developed expertise spanning ESG integration, regulatory frameworks, and sustainable finance.

Pratyusha holds a B.A. in International Relations from Ritsumeikan University in Kyoto, Japan, and is based in New Delhi, India.

Raphaele consults on the Responsible Climate Asset Allocation Lab (RCAL), a research initiative of the RAAI focused on helping asset allocators price and mitigate climate risks in portfolios and enhance returns through investment in climate solutions.

Raphaele Chappe is co-founding Partner and Director of Economic Research at the Predistribution Initiative (PDI), a nonpartisan nonprofit focused on reforming capital markets and investment structures to reduce economic inequality. Her research spans systemic risk, monetary policy, shadow banking, and the structural links between financial markets and the wealth distribution. Earlier in her career, Raphaele specialized in tax structures for investment banks and private equity transactions at Goldman Sachs, Ernst & Young, and KPMG, and subsequently worked in fintech on decentralized finance. She is a former Open Society Foundations Research Fellow and has taught courses in finance, macroeconomics, and critical finance theory at institutions including NYU Tandon School of Engineering, the Brooklyn Institute for Social Research, Parsons School of Design, and Drew University. Raphaele holds a Ph.D. in Economics from The New School for Social Research and an LL.M. in International Tax from NYU School of Law.

Paul consults with the RAAI on the Responsible Climate Asset Allocation Lab (RCAL), a research initiative that focuses on pricing and mitigating climate risks in asset allocator portfolios and enhancing returns through investments in climate change solutions.

Paul has over thirty years of experience in economics, central banking, portfolio management, and asset allocation. He serves currently as Trustee for the Wyoming Retirement System, and as Chair of the Institutional Investor Middle East Institute. Paul worked for ten years as the Deputy CIO and Head of Fixed Income for the Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds. Prior to ADIA, Paul worked as Fixed Income Portfolio Manager at Morgan Stanley for 12 years. He also worked as a Senior Economist for the OECD, Section Chief for the Federal Reserve Board, and as an Economist for the Bank for International Settlements. He holds a Ph.D. in Economics from the University of Minnesota and has lived and worked in the United States, United Kingdom, Switzerland, France, and the United Arab Emirates.

Delilah is a co-founder of the Responsible Financial Benchmarking Lab, a joint research effort established with the RAAI, rebranded in 2026 as the Responsible Climate Asset Allocator Lab (RCAL). The RCAL focuses on pricing and mitigating climate risk.

Delilah is Co-Founder and Executive Director of the Predistribution Initiative (PDI). She brings over two decades of experience in finance across asset classes globally – particularly public and private equities. She worked with private equity investors, lenders, and project developers on financing and responsible / impact investing strategies for over 12 years. Previously, Delilah worked in sell-side equities with Bear Stearns and in investment research with Gerson Lehrman Group (GLG). Delilah serves in advisory and board roles across several initiatives, including the Fairness Foundation, Capitals Coalition, Externality Investment Research Network (EIRN), and Taskforce on Inequality and Social-related Financial Disclosures (TISFD, where she is also a Co-founder). She is an Executive Fellow at the Rutgers SMLR Institute for the Study of Employee Ownership and Profit Sharing, a Sorenson Impact Leader, and a former Open Society Foundations Fellow.