Old Mutual Global Investors (OMGI) has upped its ESG game with the hire of a new head of responsible investment and stewardship, the company has announced.
Freddie Woolfe joined the firm on Monday 13 November and will work with OMGI’s fund management teams.
Woolfe will report to OMGI’s head of UK equities Richard Buxton and will play a key part in shaping and directing the firm’s stewardship work by providing guidance on corporate governance and stewardship-related issues to OMGI’s senior management team.
He will also be responsible for overseeing a comprehensive global voting programme for OMGI and will work with PMs to ensure that investment decisions are made with the best interests of clients in mind and are aligned with the firm’s stewardship code.
The stewardship code encourages PMs to consider the impact of environmental, social and governance issues on the potential return of an investment.
Woolfe joins OMGI from Newton Investment Management, where he was a responsible investment analyst covering the healthcare, tech, media and telecommunications sectors.
Commenting on the hire, Buxton said: ‘With a focus on long-term, sustainable investments, it has long been important for the firms in which we invest to have transparent and robust corporate governance practices in place.
'Rightly, our clients also demand strong oversight of companies’ policies towards environmental and social issues, including diversity.’