Appointment is a commitment to extend stewardship and lead changes in the investment industry
Hermes Investment Management (Hermes), the $33.9 billion manager focused on delivering superior, sustainable, risk adjusted returns to its clients – responsibly, has appointed Colin Melvin to the new role of Global Head of Stewardship. Reporting to Chief Executive Saker Nusseibeh, Colin will lead Hermes’ stewardship strategy development and advocacy programme. Hans Hirt and Emma Hunt have been appointed co-Heads of Hermes EOS, the firm’s leading stewardship services division, replacing Colin in this role.
Saker Nusseibeh, Chief Executive, Hermes Investment Management, said: “For more than thirty years we have led the development of stewardship in the investment industry. In that time Hermes EOS has grown to $225.3billion under advice and been a significant contributor to the development of many of the bedrock stewardship accords around the world, from the UN PRI in 2006 to the Japanese stewardship code launched last year. Colin Melvin has played a key role in much of this work, both directly and indirectly. His new role reflects our core objective of helping to create a more sustainable investment industry.”
As Global Head of Stewardship, Colin will be a key contributor to the development of Hermes’ strategic stewardship, responsibility and client engagement programmes, enabling Hermes to continue to strengthen its leading position in responsible and sustainable investment. Colin will advise the Board and senior management on the development of Hermes’ stewardship capabilities, whilst also leading the firm’s external stewardship discussions with asset owners, governments and industry participants.
Colin Melvin, Global Head of Stewardship at Hermes, said: “This is an exciting opportunity for Hermes Investment Management to lead the asset management industry in stewardship and the development of holistic client relationships, recognising the need to co-create a sustainable future, for the benefit of all.~
With over forty years of experience between them, Hans and Emma will continue to build Hermes EOS’ stewardship capabilities on behalf of a global client base encompassing some of the world’s leading asset owners. Hermes EOS, one of the world’s leading stewardship services, currently advises on $225.3billion* on behalf of its clients. In 2015, the Hermes EOS team engaged with 466 companies on 1,150 issues spanning the environment, social and ethical, governance, strategy and risk.
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