Hermes, the manager of Britain’s biggest pension fund, has signalled its
intention to get tough with companies on corporate governance after appointing
one of America’s leading shareholder activists as its next chief executive.
Mark Anson will take over as the head of Hermes, which manages £58bn of funds
including BT’s pension scheme and large parts of the Royal Mail’s, when current
chief Tony Watson retires in January.
Anson, current chief investment office of the Californian Public Employees
Retirement System, Americas largest pension fund, is well known for his
shareholder activism. In the past he has taken on Morgan Stanley’s chief
executive Philip Purcell over his pay package and recently launched attacks on
several companies, including Shell, over links with Sudan.
Steve Butler of Punter Southall Aspire highlights the importance of pension governance meetings to protect against mistakes and safeguard company reputation
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks