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The Board

Home / About Us / The Team / The Board

  • David Stewart - Chairman

    David joined the board of Hermes in April 2015 and was appointed Chairman effective 1 April 2016. He previously spent nine years at Odey Asset Management, initially as Chief Executive and latterly as a non-executive director. Prior to that, David’s career included roles at Fidelity Investments (1994-2005), James Capel (1986-1994) and Swire Pacific Ltd, Hong Kong (1981-1986). He is Chairman of IMM Associates, a Non-Executive Director of the Caledonia Investment Trust, and sits on the Investment Committee of Macmillan Cancer Support.

  • Saker Nusseibeh - Chief Executive Officer

    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 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 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 steering committee for the United Nations Environment Programme Finance Initiative.

    In 2015, Saker was named CEO of the Year at the Global Investor Investment Excellence Awards. Saker has a BA and PhD in Medieval History from King's College, University of London.

  • Harriet Steel - Head of Business Development

    Harriet is Head of Business Development, a member of the Executive Committee (ExCo) and an Executive Board Director. She joined the firm in 2011 with responsibility for Sales, Client Service, Marketing, Communications and Product Strategy. Under her leadership, Hermes has built a fast-growing and profitable third-party business in which assets under management for external clients have tripled, and revenues grown from 15% to almost 60% of the total. As a member of ExCo, her responsibilities include development of corporate strategy and delivery of profitability. Appointed to the Board of Hermes in 2013, Harriet became the company’s first female executive director.

    Harriet’s career in the City began in 1990 when she joined the global trading team at Bankers Trust, initially trading currency options and subsequently holding senior derivatives sales roles in Paris, London and New York before joining Morgan Stanley’s fixed income group in 1996. In 2003 Harriet established Portico Advisors, an asset raising and marketing advisory firm for alternative investment managers, including hedge funds, private equity and real estate strategies, which she ran until joining Hermes.

    Harriet acts as a mentor to female executives at Hermes, encouraging them to fulfil their potential and providing practical insight and guidance on how to achieve success in the City. Harriet is a regular commentator in the print and broadcast media on business, economic and diversity issues and, for the last four years, has been recognised as one of the top 100 women in European finance by Financial News.

    Harriet holds a BA in Architecture from Princeton University.

  • Ian Kennedy - Chief Operating Officer

    Ian Kennedy is Chief Operating Officer for Hermes, a member of the Executive Committee (ExCo), and an Executive Board Director. Ian joined Hermes in 2015, taking responsibility for Finance, IT, Legal, HR, Operations and Facilities. As COO, Ian’s role is to ensure Hermes operates a best-in-class organisational infrastructure to support its clients, investment teams and business development activities. As a member of ExCo, his responsibilities include development of corporate strategy and delivery of profitability.

    Ian entered the City in 1992, joining Prudential Bache Ltd, initially as European accountant and subsequently as regional risk and control manager. In 2002, Ian joined Dryden Wealth Management as Finance Director, joining Fortis in 2005 when they acquired the firm. Ian became COO for the UK wealth management and private banking division, ultimately acting as interim CEO and leading its sale to BNP Paribas in 2009-10, where he then became Chief Operating Officer and Chief Financial Officer of BNP Paribas Wealth Management UK.

    In 2012, Ian established InvestMe Financial Services LLC, one of the earliest firms in the UAE to be approved for investment advisory business activities by the Securities and Commodities Authority in Abu Dhabi. The firm was an active supporter of disadvantaged children in India, funding the creation of 11 schools in some of the poorest areas of the country. 

    Ian qualified as a chartered accountant with Arthur Andersen & Co and holds a BSc in Biochemistry from King's College London.

  • Billy McClory - Non Executive Director

    Billy was appointed Non-Executive Director of Hermes in August 2010. He was employed by Post Office Telecommunications from 1968-78 and became a National Officer of CPSA and then NCU in 1984, and CWU in 1995. At NCU he was responsible for pension matters in the Post Office and BT, and he was the lead officer on pension matters for the BT Unions from 1990-97. He is a Trustee Director of the BT Pension Scheme and a member of UNITE (formerly the National Federation of Post Office & BT Pensioners). He is also a member of The Pensions Regulator’s Investment Governance Group, the aim of which is to promote best practice in investment-related governance by occupational pension schemes.

  • David Watson - Non Executive Director

    David was appointed Non-Executive Director of Hermes Fund Managers in July 2011. Currently, David is a Non-Executive Director and Chairman of the Audit Committee at Charles Taylor Consulting plc. Prior to joining Hermes, David was the Chief Financial Officer (CFO) of Aviva General Insurance UK Division and between 2003 and 2007 he was the CFO of Morley Fund Management, the asset management arm of the Aviva Group. Previous to this, he spent nine years at M&G Group plc (now M&G Investments), where he was Group Finance Director, responsible for financial management and strategic development of the group. He has a BA in Business Studies from the Cass Business School, London.