Second senior figure departs from Hermes Equity Ownership Services

Tom Rotherham-Winqvist leaves the firm after four years in post.

Hermes Equity Ownership Services (EOS) has parted company with a second senior manager with the departure of Tom Rotherham-Winqvist, Director, Private Markets & Business Development. RI has learned that Rotherham-Winqvist, a member of EOS’ leadership team, has left Hermes by mutual consent. His exit comes alongside that of Paul Lee, Director of Policy and Product Development, who RI reported last week had left the company. Hermes confirmed to RI that Rotherham-Winqvist had left the post after four years leading its responsible investment push in private equity and institutional development. It is understood that Rotherham-Winqvist is currently looking at other opportunities in responsible investment. Rotherham-Winqvist was a member of the experts group that helped to create the UN-supported Principles for Responsible Investment in 2005. In 2008, he was the founding chair of the PRI’s private equity steering committee, and most recently chaired a group of over 40 limited partners and 20 private equity associations that developed the ESG Disclosure Framework for Private Equity. Prior to joining Hermes, Rotherham-Winqvist worked on international trade and investment policy based in Geneva, at INSEAD in France and as Head of Sustainability at a London-based consulting company.Asked by RI, a spokeswoman for Hermes said the departures at EOS were not an indication of restructuring. The spokeswoman said: “We have an eight-strong Central Team in place, 17 voting and engagement professionals working in six regional teams that collaborate with many of the world’s largest institutional investors and five part-time senior advisers in the different parts of the world. The spokeswoman said that Rotherham-Winqvist would not be replaced, but that Colin Melvin, CEO of Hermes EOS, would take up his private markets work. Regarding Paul Lee, the spokeswoman said Leon Kamhi, Executive Director, and the engagement and voting team within Hermes EOS would continue to look after engagement internationally on public policy and best practice. The spokeswoman added: “We remain committed to helping institutional investors to meet their fiduciary duties by becoming active owners of public and private companies.” Hermes EOS was established in 2004 and has £115bn in assets under advice according to its website. It is part of Hermes Fund Managers, the €25bn wholly owned asset manager of the UK’s BT Pension Scheme.