Hermes' stewardship stalwart leaves after 14 years


Colin Melvin departed the £28.6 billion fund manager at the end of November, according to UK regulatory filings.

Melvin, who joined Hermes in 2002, confirmed on his LinkedIn page that he is “taking some time out and looking forward to planning a further contribution to the sustainability of asset management”.

He was named global stewardship head and chair of Hermes EOS, the voting advisory arm of Hermes, which has £237 billion in assets under advice, in February. He had previously been the chief executive of Hermes EOS, a role he held for more than 13 years.

A Hermes spokeswoman confirmed his departure, adding that his stewardship responsibilities will be absorbed by Leon Kamhi, head of responsibility, and his team. She said: “Colin has contributed significantly to the development of our stewardship and engagement activities.”

In March, Hermes EOS was appointed by the Pension Fund Association of Japan, one of the country’s largest with some $ 112.1 billion in assets under management, to develop its stewardship activities.

Hermes was also named Environmental, Social and Governance Specialist of the Year at FN’s annual fund management awards in October, with one judge praising the work of Melvin in particular. Hermes also took the prize for 20 Years of Excellence in Corporate Governance at Financial News’ birthday honours in May.

During his career, Melvin has also chaired the United Nations’ Principles for Responsible Investment from 2005-06 and was the head of corporate governance at Baillie Gifford for two years from 2000. He also spent six years at Standard Life from 1994, where he was a corporate governance manager.

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