Majedie AM head of responsible capitalism takes up post

Aberdeen Standard Investment’s former head of environmental, social and governance (ESG) head has taken up her post as lead of responsible capitalism at Majedie Asset Management.

In the newly-created role, Cindy Rose will be responsible for further developing the boutique firm’s ESG activities.

Responsible capitalism is the London-based fund manager’s way to describe general ESG principles, a spokesperson said.

“ESG issues have financial implications and don’t exist in a vacuum,” chief executive Rob Harris said.

Prior to her appointment in May this year, Rose was Aberdeen Standard’s head of ESG, clients and products. Before that, she was co-head of ESG & stewardship at Aberdeen Asset Management.

Majedie’s team of fund managers applies responsible capitalism based on their investment expertise, yet just what this entails can vary from person to person, according to the active equity investor.

“While each manager may express themselves in their own individual way, the values they apply to their investment decisions are shared across the team,” the firm said.

Majedie launched its first funds in 2003. As a signatory to the United Nations supported Principles for Responsible Investment (PRI), it aims to make ESG a key component of its strategies.

The PRI, launched in 2006, are voluntary guidelines offering possible actions for investors to incorporate ESG criteria into their practices.

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