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Hermes Investment Management publishes its Modern Slavery Statement

Home / Press Centre / Hermes Investment Management publishes its Modern Slavery Statement

Saker Nusseibeh, CEO, Hermes Investment Management
30 June 2017
Corporate News

Hermes Investment Management (Hermes), the £30.8 billion manager, today published its Modern Slavery Statement in accordance with the Modern Slavery Act 2015 (The Act). At Hermes, we are committed to being a responsible business and endeavour to uphold high ethical principles and to respect human rights.

We have used the requirements introduced by The Act as an opportunity to review the way in which we operate our own business, together with the way in which we interact with others, including our clients and suppliers. Moreover, we have also considered the area where we have the ability to make the most impact – our investments.  Our objective is to ensure that there is no modern slavery or human trafficking in any of our business dealings.

Hermes already has a number of policies and procedures in place in an effort to ensure we act as a transparent, responsible and ethical business.  These policies and procedures also support our efforts to address the risks of engaging in modern slavery and human trafficking.  In response to The Act, and to ensure transparency, we have established a Supplier Code of Conduct, which we will encourage our suppliers to sign.

Saker Nusseibeh, Chief Executive, Hermes Investment Management: “Hermes is strongly opposed to slavery and human trafficking. As a responsible business, we are focussed on helping people invest better, retire better and create a better society for all.  Our activities will have impacts on the world in which our beneficiaries live and work today, as well as the one in which they will retire into tomorrow. The establishment of our Modern Slavery Statement and a Supplier Code of Conduct demonstrate our commitment to ensuring that there is no slavery or human trafficking in any of our business dealings.”

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Saker Nusseibeh CEO, Hermes Investment Management Saker is Chief Executive of Hermes, chair of its Executive Committee and an Executive Board Director. Saker was appointed CEO in May 2012, having been acting CEO since November 2011. Saker joined the firm in June 2009 as Head of Investment and Executive Board Director. He is responsible for leading the firm’s growth strategy and ensuring that Hermes continues to deliver excellent long-term investment performance, responsibly. Under his leadership, Hermes has achieved outstanding year-on-year growth in sales, revenues and profitability, while contributing widely to the debate about how to improve the contribution of financial services to society. Critically, long-term investment performance has remained at outstanding levels during his tenure. Prior to joining Hermes, Saker was Global Head of Equities at Fortis Investments USA, having initially been appointed to the firm as CIO Global Equities in 2005. Before this he was CIO 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 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 a regular public speaker, writer and commentator, appearing at leading industry conferences, on television and radio. He is the founder of the 300 Club, which he chaired from its inception in 2011 until early 2014. The 300 Club is a group of leading investment professionals who seek to challenge investment orthodoxy and improve the contribution of financial services to society. Saker is a member of the CFA Institute’s Future of Finance Advisory Council, a member of the IIRC Council, and was a public member of Network Rail for three years until November 2014. He was recently invited to join the Banking Standards Board, which aims to restore trust in the UK banking industry, as a practitioner member. Saker also sits on the advisory board of Mosaic, the charity that seeks to improve the chances of young people and to bring communities together; the UK National Advisory Board on Impact Investing; and the the steering committee for the United Nations Environment Programme Finance Initiative. Saker has a BA and PhD in Medieval History from King's College, University of London. In 2015, Saker was named CEO of the Year at the Global Investor Investment Excellence Awards.
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