Director, Research

Joel Paula

Joel Paula joined FCLTGlobal after seven years working at the Organisation for Economic Cooperation and Development (OECD) as a Policy Advisor. While at the OECD, Joel advised OECD member countries and partners, member countries of the G20, and APEC economies on long-term investment, infrastructure finance, the low-carbon transition, and digital transformation in infrastructure systems.

This included a coordinating role at the G20 Infrastructure Working Group, the G20/OECD Task Force on Long-term Investment, and the development of a G20/OECD Collaboration with long-term investors in infrastructure. The collaboration entailed working closely with institutional investors such as asset managers, pension funds, sovereign wealth funds, and insurance companies on policies to promote long-term investment in both public and private markets. Joel’s policy work included publications and policy documents, speaking at events, and capacity building with partner countries. 

Prior to joining the OECD, Joel worked as a Research Consultant at NEPC, LLC, an institutional investment consultant. At NEPC, he led the firm’s fixed income manager research and due diligence, covering traditional fixed income, credit, structured finance, and emerging markets. 

Joel was a member of the Advisory Committee of the OECD Staff Provident Fund. He holds degrees from Bentley University and the Fletcher School at Tufts University. He is a Chartered Alternative Investment Analyst (CAIA) charterholder. 

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Incentive Alignment | Article

The CEO Pay Problem Is Solvable with A.I.

By Joel Paula

24 April 2024 - Artificial intelligence has already changed the way data is compiled and processed on a mass scale – and in particular in the investment industry, reshaping how professionals make decisions, manage portfolios, and analyze market data. A prominent challenge facing the industry today is the design of executive pay – specifically, structuring it in ways that incentivize strong performance over many years rather than just over a few fiscal quarters.

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Strategy | Report

Storm Clouds & Silver Linings: Long-term Investing in an Age of Geopolitical Uncertainty

By Joel Paula

9 April 2024 - We are now at a moment when global rivalry is running hot and support for globalization is cooling. The resulting opportunity set for investors is shrinking as global security and economic alliances rewire. This rewiring of globalization requires specific attention to strategy, governance, and integrated processes to bring geopolitical views into investment decision making. Doing this effectively requires deep integration between geopolitical and traditional investment analysis.

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What the SEC’s New Rules on Executive Pay Disclosures Mean for Long-term Investors

By Joel Paula, Nur Robleh

23 January 2023 - New rules from the SEC will require annual proxy disclosures centered around TSR, but is this the right metric to measure executive incentives and firm performance?

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