EUROPE - Hermes Focus Asset Management Europe (HFAME) has finalised its team for the launch of its new Hermes European Focus Funds.
Joining HFAME as non-executive directors are Christian Strenger, former CEO of mutual fund company DWS, and Herman van der Wyck, former vice chairman of UBS Warburg.
They will join Tony Watson, chief executive designate of Hermes Pensions Management, Alastair Ross Goobey (part-time chairman) and Stephan Howaldt, HFAME's chief executive.
Joining HFAME as investment director on December 1, 2001 from Deutsche Asset Management is Marco Ricci, an Italian fund manager who will be based in London working alongside Hermes' UK Focus Funds investment team.
Working with Ricci as senior investment analyst will be Maria Coello, a Spanish national with previous experience in European equities who moved to HFAME from the Hermes UK Focus Fund team. Also joining Hermes Pensions Management and HFAME as Continental European corporate governance manager in September was Josiane Fanguinovény a French lawyer and economist by training and a continental European corporate governance specialist. Fanguinovény joins Hermes from Friends Ivory & Sime where he was as an assistant director for corporate governance. Hermes' new European Focus Funds will invest client funds in Continental European companies to improve performance through conducting relational shareholder engagement programmes.
HFAME expects to launch the European Fund in early 2002 and expects to build a fund of EUR1bn (£622.4m) over the next few years.
By Janet Du Chenne
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