German automotive company Volkswagen is to hold an annual general meeting on 3 May 2018, almost three years after the emissions scandal was rendered public. London-headquartered firm Hermes EOS will recommend its clients to vote against proposed candidates, Marianne Heiss and Wolfgang Porsche, for election to the firm’s supervisory board. It will support an external supervisory […]
Federated Investors, listed on the New York Stock Exchange, is spending £246m to buy a 60% stake in Hermes Fund Managers Limited, which operates Hermes Investment Management. The stake is being acquired from the BT Pension Scheme, which will retain 29.5% of Hermes and will continue to invest in investment strategies offered by the manager. […]
Hans-Christoph Hirt, co-head of Hermes EOS comments on the Deutsche Bank AGM on Thursday,19th of May. Following a longstanding engagement with Deutsche Bank, Hermes EOS, on behalf of a group of more than 40 institutional investors, urged the supervisory board ahead of and at the AGM on 21 May 2015 to review the composition of the […]
The majority vote of shareholders against BP’s remuneration report at the company’s AGM last week has brought comparisons with the so-called shareholder spring of 2012 during which a number of companies faced significant opposition from investors on pay packages. This in turn led to new legislation on executive pay in the UK in 2013: Shareholders […]
The Pension Fund Association (PFA) of Japan has appointed Hermes EOS, the stewardship division of Hermes Investment Management, to develop and implement its stewardship activities. With ¥12.7trn($112.1bn) AUM, PFA is one of the largest pension funds in Japan. PFA is the first Japanese client for Hermes EOS, one of the world’s leading stewardship services. Japan […]
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 […]
Dr Hans-Christoph Hirt, Director at Hermes EOS, comments on recent events at Deutsche Bank Management board overhaul on 18 October 2015 Deutsche’s supervisory board and its new-CEO, John Cryan, reacted decisively to the concerns raised by investors and regulators about the management board with a major overhaul of its composition on 18 October 2015. We […]
Hermes Investment Management has appointed Emma Hunt as director, strategic client management and business development for Hermes Equity Ownership Services (Hermes EOS). Based in London, she will take up her duties in September 2015 and will report into Colin Melvin, CEO of Hermes EOS. Hunt joins from Towers Watson where she worked as global co-head of Sustainable […]
Global investment business Towers Watson has appointed Hermes EOS, one of the world’s leading engagement services, to advance its stewardship activities. Hermes EOS engages on ESG issues in public policy in addition to its corporate engagements. It is supporting various collective investor policy groups – including the Principles for Responsible Investment, the Institutional Investors Group […]
PensionDanmark, the Danish not-for-profit labour market pension fund, has appointed Hermes EOS to take its responsible investment programme to the next level. PensionDanmark has selected Hermes EOS to assist it in implementing its responsible investment policies and staying an active owner of the companies in which it invests. Hermes EOS will provide its full spectrum […]
One of Europe’s largest institutional asset managers is potentially set to collide with Germany’s largest bank, by re-asserting its firm belief chief executives should not become chairmen in Germany’s two-tier board system.
Vontobel Group has engaged Hermes Equity Ownership Services to provide proxy voting and engagement services, as the willingness of European asset managers to engage with companies over business practices and points of principle gathers momentum.