Last updated: 03:46 / Friday, 22 January 2016
Succeeding Paul Spencer

Hermes IM Appoints David Stewart as New Chairman of the Board

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Hermes IM Appoints David Stewart as New Chairman of the Board
  • He assumes the position from Paul Spencer, CBE, who has been Chairman since 2011
  • Stewart is currently a Non-Executive Director of Hermes Investment Management since joining the Board in April 2015
  • The appointment is effective 1 April 2016

Hermes Investment Management has announced the appointment of David Stewart as the new Chairman of the Board effective 1 April 2016. He assumes the position from Paul Spencer, CBE, who has been Chairman since 2011.

David Stewart is currently a Non-Executive Director of Hermes Investment Management since joining the Board in April 2015. He previously spent nine years at Odey Asset Management, initially as Chief Executive and latterly as a Non-Executive Director. He is Chairman of IMM Associates, a Non-Executive Director of the Caledonia Investment Trust, and sits on the Investment Committee of MacMillan Cancer Care.

Saker Nusseibeh, Chief Executive, Hermes Investment Management, says:“Since joining the Board as Chair of the Risk and Compliance Committee, David has quickly established himself as an insightful and trusted advisor. His advice and counsel will be greatly beneficial as we take Hermes through the next stage of its growth.”

David Stewart, Chairman elect,Hermes Investment Management, says:“I look forward to taking up my new role, and working with Saker, the leadership team at Hermes and my fellow Board members to build on the successes Hermes has already achieved. I see Hermes as an asset manager which is fully embedding responsible capitalism at the very heart of its business. This gives the firm a unique advantage, for which it is increasingly being recognized. ”

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