Hermes creates new stewardship role
Hermes Investment Management (Hermes) has appointed Colin Melvin to the new role of global head of Stewardship.
Reporting to Chief Executive Saker Nusseibeh, Melvin will lead the company’s stewardship strategy development and advocacy programme.
Hans Hirt and Emma Hunt have been appointed co-heads of Hermes EOS, the firm’s stewardship services division, replacing Melvin in this role.
As global head of Stewardship, Melvin will be a key contributor to the development of Hermes’ strategic stewardship, responsibility and client engagement programmes, enabling the manager to continue to strengthen its leading position in responsible and sustainable investment.
Melvin will advise the board and senior management on the development of stewardship capabilities, whilst also leading the firm’s external stewardship discussions with asset owners, governments and industry participants.
With over forty years of experience between them, Hirt and Hunt will continue to build Hermes EOS’ stewardship capabilities on behalf of a global client base encompassing some of the world’s leading asset owners.
Saker Nusseibeh, Chief Executive 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 $225.3bn (€201bn) 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.”
Melvin 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.”