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Saker Nusseibeh, CBE
CEO, International at Federated Hermes
Saker is Chief Executive of the international business of Federated Hermes and is also a member of the Federated Hermes Executive team. He was appointed CEO in November 2011 having joined the firm in June 2009 as CIO. Prior to this, 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, the International Finance Corporation, and the FCA-PRA Climate Financial Risk Forum, the Institute for Fiscal Studies, 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, and on the UN Business and Human Security Initiative Advisory Board. Saker also served on UK National Advisory Board and became a founding member of the Impact Investing Institute on Impact Investing. Saker is also on the advisory Board of the National Youth Orchestra.
In 2015, Saker was named CEO of the Year at the Global Investor Investment Excellence Awards and, in 2018, was named CEO of the Year at the Financial News Asset Management Europe Awards. More recently, Saker was named as European Personality of the Year for 2020 at the Funds Europe Awards. He has a BA and PhD in Medieval History from King's College, University of London.
Saker was awarded a CBE (Commander of the Order of the British Empire) in the Queen’s 2020 New Year’s Honours list for services to Responsible Business and Finance.
The investment management industry is today falling short of its duty to create long-term, sustainable wealth and must now put active stewardship at the centre of its activities, operations and purpose. This is the conclusion of a new paper from Hermes Investment Management.
The Shareholder Rights Directive survey, A step towards sustainable capitalism, conducted with 175 European institutional investors to gauge levels of awareness and readiness for the Shareholder Rights Directive II, reveals that only a staggering 3% believe their organisation already meets all the requirements of the Directive.
The evidence on the importance of limiting temperature rises to well below 2°C continues to grow and investors will have a crucial role to play in bringing this about, says Hermes Investment Management in its 2018 Carbon Report.