Based in London, Ross will be responsible for leading the development and delivery of EOS’s Engagement Plan for corporate and public policy, and market best practices across Asia and Global Emerging Markets. Over the course of 2022, EOS engaged with 270 companies across these regions.

Ross has deep experience in asset management and stewardship, with more than 20 years’ investing in and engaging with companies across the Asia and Emerging Market regions.

He was previously Head of Strategy for global emerging market equities at Jupiter Asset Management – where he held the additional roles of member of the stewardship committee and leadership group. Prior to this, Ross held various investment-focused positions at Standard Life Investments.

Federated Hermes now has over 60 professionals working across its stewardship and responsibility teams, making it one of the largest stewardship resources in the world.

Bruce Duguid, Head of Stewardship at Federated Hermes Limited: “I am very pleased to welcome Ross to the team, with his deep experience in stewardship and company engagement. Asia and the Emerging Markets are particularly important for our stewardship clients and someone of Ross’s calibre will be a significant addition to our global platform.”

Ross Teverson, Regional Team Lead – Asia & GEMs at Federated Hermes Limited: “Global momentum behind shareholder proposals on climate and human rights remain on the increase, with  Asia and Emerging Markets at the forefront of this expansion. . We are also seeing Asian regulators progressively encourage the adoption and disclosure of Paris aligned transition strategies. The team and I look forward to broadening the climate conversation from a focus on environmental risk to amplify the social risk of failing to ensure a just transition, alongside our existing programme of engagement.”

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Scott Tully

EOS at Federated Hermes, a leading global stewardship provider, has been appointed by Colonial First State (CFS) to provide engagement, voting and public policy support for its global equity investments.

The appointment means that EOS now provides ESG support to nine institutions in Australia, representing A$320.5 billion^[1] in assets under advice in the region, further strengthening its presence.

Gary Horton, Head of Distribution – Australia & New Zealand at Federated Hermes Limited said: “We look forward to carrying out engagement activities globally on CFS’ behalf that enable it to be a more active owner of its assets, through our dialogue with companies it invests in on environmental, social and governance issues.

“We look to engage with companies where there is a meaningful issue to resolve and where there is the ability to enact change. Issues could range from diversity on boards or in executive teams, supply chain sustainability issues, or whether plans to address climate change and offset carbon emissions are sufficiently in place.”

Scott Tully, General Manager Investments, CFS said: “We believe that active ownership, including engagement with and voting on how a company operates its business, leads to better long-term returns for shareholders and hence our customers.

We look forward to leveraging the knowledge and experience that EOS will bring to our engagement program across global markets and to expanding our advocacy efforts.”

Bruce Duguid, Head of Stewardship, EOS at Federated Hermes Limited commented: “Our global reach and leadership in stewardship gives us significant leverage to generate positive change at companies on behalf of our long-term institutional investor clients. Now more than ever, companies require a social license to operate, which is underpinned by a corporate purpose centered on being sustainable and creating long-term value for their stakeholders.

“We look forward to working with CFS and providing demonstrably effective stewardship services including engagement that address the full range of sustainability issues they are facing.”

Federated Hermes now has over 60 professionals working across its stewardship and responsibility teams, making it one of the largest resources of its kind in the world. Globally EOS has USD1.6 trillion of institutional assets under advisement^[2].

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[1] As at 31 January 2022
[2] As at 31 December 2021

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