Gabriela (Gaby) Herculano has over 25 years’ experience in finance and in energy. She grew up in Brazil, is also a proud citizen of Portugal and has lived and worked in the U.S., Singapore and the UK. Gaby started her career in equity research, covering the Latin American electric utility sector at Lehman Brothers. After business school, she moved into the buy side, where she worked at greenfield project finance and M&A at energy developer AES Corporation and as an Executive Director at GE Capital’s Energy Financial Services team in London.
When structuring private equity infrastructure investments, her primary focus was on renewable energy assets across Europe, having invested into solar and onshore wind, and screened several opportunities also in offshore wind. Gaby co-founded iClima Earth, a London based green fintech, in 2019. She is iClima’s CEO & CIO, leading the research team and the design of the firm’s unique methodology and approach for innovative equity benchmarks. Gaby has been very vocal with investors, keen to shift the narrative and make a distinction between the companies that are “doing less harm,” companies where decarbonization is a cost, versus the companies that have their revenue in line with change. Gaby combines solid fundamental analysis skills with energy industry knowledge. Moreover, she has been involved with sustainable development since 1992 when she attended the UNFCCC Earth Summit in Rio de Janeiro. Gaby earned her MBA from Wharton in 2002.