Federated Hermes wins private-client voting mandate Feb 02, 2021 By Funds Europe
Fund manager Federated Hermes has won a corporate governance mandate to vote shares for Dutch bank ABN Amro’s wealthy clients.
The fund manager’s stewardship arm, EOS will provide “engagement services” across the bank’s private banking assets, including equity and fixed income.
Vincent Triesschijn, director of sustainable investment at ABN Amro, said: “Our clients are increasingly looking to invest their assets sustainably and want to know that the companies we are investing in on their behalf are acting responsibly.
“We firmly believe in the concept of active ownership and through our partnership with EOS we can have more impact to engage these companies on the risks and opportunities pertaining to long-term sustainable wealth.”
Federated Hermes wins private-client voting mandate Feb 02, 2021 By Funds Europe
Fund manager Federated Hermes has won a corporate governance mandate to vote shares for Dutch bank ABN Amro’s wealthy clients.
The fund manager’s stewardship arm, EOS will provide “engagement services” across the bank’s private banking assets, including equity and fixed income.
Vincent Triesschijn, director of sustainable investment at ABN Amro, said: “Our clients are increasingly looking to invest their assets sustainably and want to know that the companies we are investing in on their behalf are acting responsibly.
“We firmly believe in the concept of active ownership and through our partnership with EOS we can have more impact to engage these companies on the risks and opportunities pertaining to long-term sustainable wealth.”
Companies that took Covid cash brace for bonus backlash
Bonus payment schemes face a shake-up because many companies are unable to set meaningful targets for directors due to Covid uncertainty
27 December 2020 • 6:00pm
Company bosses face a fresh backlash against high pay next year as investors demand that managers share the financial pain inflicted on staff, customers and shareholders by the coronavirus pandemic.
Influential proxy advisers and fund managers are preparing to oppose big bonuses or dividends proposed by firms that have laid off large numbers of staff or benefited heavily from taxpayer support.
One senior investor relations consultant said proxy adviser ISS is taking “a phenomenally hard line on pay”.