Former BoE advisor Michael Sheren to spearhead MetaVerse Green Exchange’s climate action in Southeast Asia
Jul 23, 2022
Singapore-based MetaVerse Green Exchange (MVGX), a fintech company providing end-to-end Carbon-as-a-Service ( (CaaS) solutions, has announced the appointment of former Bank of England (BoE) senior advisor Michael Sheren as president and chief strategy officer (CSO) as the firm strengthens its end-to-end suite of CaaS products to customers across the globe.
In his capacity as president and CSO, Sheren will drive the promotion of MVGX’s CaaS offerings internationally amid growing calls for greater climate action. Based in Singapore and Europe, he will be responsible for developing MVGX’s new climate and environmental advisory services which will enable the firm to collaborate with businesses, government agencies, and policymakers to drive sustainability initiatives within the Southeast Asian region and beyond.
Sheren’s appointment comes as Southeast Asia reaffirms its commitment to accelerate sustainable finance in one of the most at-risk regions from climate change, the company said in a statement.
Most recently, the Asian Development Bank signed a memorandum of understanding with the Government of the United Kingdom to develop a US$134 million trust fund to scale green financing and adopt low-emission, climate-resilient development in ASEAN countries ahead of COP27.
“Home to some of the most vibrant cities and financial hubs, Southeast Asia has a thriving green sector set to become a US$1 trillion economic opportunity by 2030. I am thrilled to tap into the region’s sustainability opportunities and to join a company such as MVGX that is at the forefront of emerging sustainability solutions, working together with leaders that share a collective vision of realising a greener tomorrow,” said Sheren, speaking on his appointment.
Prior to joining MVGX, Sheren was a senior advisor at BoE for nearly a decade, leading much of the Bank’s sustainable finance and environmental risk management work. Further, he co-founded the BoE’s fintech accelerator programme. On behalf of BoE and the UK government, Sheren was also the co-chair of the G20 Sustainable Finance Study Group with China from 2016-2019, driving domestic and international green finance initiatives. In his twenty-five years of private sector banking before joining the BoE, Sheren held leadership roles at JPMorgan Chase, GE Capital, and Credit Agricole CIB among other financial firms.
With a prolific career championing sustainable finance and development across the world, Sheren will continue his roles as senior advisor to the United Nations Development Program Finance Hub, shaping sustainable investment strategies to achieve the Emeritus Governor at the London School of Economics; and a Price of Wales Fellow at Cambridge University’s Cambridge Institution for Sustainable Leadership.
“We are excited to welcome Michael to join MVGX. With a wealth of experience from traditional financial services and portfolio management, to public policy and international finance, development, and eUN Sustainable Development Goals;conomics, Michael’s multi-faceted background will bolster MVGX’s capabilities and contribute greatly to the still-nascent sustainability sector in Asia. As MVGX continues to grow, Michael will play an essential role in strengthening our position as a leader in green solutions, bringing us a step towards the global goal of reaching net zero, and championing a more climate-conscious future generation,” said Bo Bai, executive chairman and co-founder of MVGX.