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MJ Hudson acquires ESG consultancy firm

AcquisitionAsset management consultant MJ Hudson has acquired Amsterdam-based Spring Associates Responsible Investment Service – an environmental, social and governance (ESG) consultancy and reporting firm.

Although MJ Hudson has advised on ESG factors for a number of years previously, this is its first acquisition in the sector.

“We have entered a new era of asset management, where ESG has become, rightly, a business-critical issue for fund managers and investors,” said Matthew Hudson, chief executive of the consultancy firm.

“Prompted by grassroots pressure and the attendant prospect of enhanced regulation, we believe that the next phase calls for more independent and consistent analysis of ESG factors within a framework that can assess the depth to which it has been internalised.”

Spring Associates’ clients and a team of 10 professionals, as well as support staff, will transition and work under the new MJ Hudson Spring brand. The senior executive team will also remain in position.

MJ Hudson, which has offices across Europe and the US, works for clients managing and advising more than $10 trillion (€8.9 trillion) of assets.

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