We call for a seismic change in the way the investment management industry operates: from one that has for too long focused on short-term returns, at the expense of sustainable wealth creation. In our view, successful stewardship needs to be at the heart of business purpose and inextricably linked to investment decision-making. In order for this to happen, we need a “new normal” in the relationship between asset manager and the companies in which they invest.
Saker is Chief Executive of Hermes. He was appointed CEO in November 2011 having joined the firm in June 2009 as CIO. Prior to joining Hermes, Saker was Global Head of Equities at Fortis Investments, having initially been appointed to the firm as CIO Global Equities in 2005. Before this he was CIO of Global Equities and Head of Marketing for SGAM UK. This role followed SGAM’s acquisition of Trust Company of the West (TCW), where Saker was a Managing Director, running global and international strategies, as well as managing TCW’s London office. He started his career at Mercury Asset Management in 1987.
Saker is the founder of the 300 Club, a group of leading CIOs and investment professionals who seek to challenge investment orthodoxy. He was an inaugural member of the CFA Institute’s Future of Finance Advisory Council from 2013 until 2019. He is a member of the IIRC Council, and the FCA-PRA Climate Financial Risk Forum, as well as the United Nations Environmental Programme Financial Initiative steering Committee. He sits on the Banking Standards Board, which was created as a result of a Parliamentary enquiry to restore trust in the UK banking industry. Saker also sits on UK National Advisory Board on Impact Investing.
In 2015, Saker was named CEO of the Year at the Global Investor Investment Excellence Awards and in 2018, he was named CEO of the Year at the Financial News Asset Management Europe Awards. Saker has a BA and PhD in Medieval History from King's College, University of London.