Federated Hermes appoints investment manager

Federated Hermes has appointed Andy Turnbull to the role of Senior Investment Manager for its innovative new UK Nature Impact investment strategy, effective immediately. He will report to Robert Hall, Director, Federated Hermes Private Markets, based in London.

Turnbull will work on Federated Hermes’ blended finance strategy for the UK’s natural capital markets, which will seek to generate attractive returns by investing into high-integrity Nature-based Solutions (NbS) and nature-positive businesses across land, coasts, rivers and sea in the UK. In doing so it also aim to help address the climate and biodiversity crises. The strategy has been co-designed by Federated Hermes and Finance Earth and will go live later this year.

Turnbull’s main responsibilities will include evaluating, underwriting and managing nature-based impact investment opportunities, as part of portfolio construction. He will also manage a number of strategic relationships with individuals or organisations as part of the execution of the strategy.

Turnbull has a decade of experience on leading Natural Capital work across land, estate and property management divisions in the UK and internationally. He was the Head of Asset Management at Climate Impact Partners, working with investors, corporates, ENGOs and governments to develop and deliver high quality carbon-financed nature restoration projects. Prior to that he was Head of Natural Capital & Sustainable Investment and a Partner at Bidwells LLP, a leading nature-based investment asset manager.

Robert Hall, Director, Federated Hermes Private Markets, commented: “We are delighted to have Andy on board. His breadth of experience will play a key role in what is an exciting investment opportunity, generating returns for investors through the sale of ecosystem services such as carbon credits and biodiversity units. In doing so we will support the goals of the UK Nature Impact Strategy as we aim to restore nature and biodiversity, mitigate climate change and create green, skilled employment. I look forward to working with Andy and welcome him to Federated Hermes.”

Andy Turnbull, Senior Investment Manager, commented : “I am very pleased to be joining Federated Hermes at such an exciting time for their Nature Based Solutions team. Federated Hermes has a long history of responsible investing and delivering sustainable returns for investors. The UK Nature Impact Strategy offers a unique opportunity to address environmental challenges, while generating economic benefits for our clients, and I very much look forward to working with the team in delivering this.”