Old Mutual Global Investors (OMGI) has appointed Freddie Woolfe as head of responsible investment and stewardship.
Woolfe will be mainly responsible for providing guidance on corporate governance and for running stewardship’s issues. He will also be responsible for overseeing a comprehensive global voting programme for OMGI.
Working with the firm’s fund management teams and reporting to head of UK equities Richard Buxton, Woolfe will work alongside fund managers ensuring investment decisions are made taking in consideration environmental impact as well as social and governance issues on the potential return of an investment.
Woolfe joins OMGI from Newton Investment Management, where – since 2015 – he worked as an investment analyst covering primarily the healthcare and technology, media and telecommunications sectors. In that role he helped on the development of Newton’s house view on global corporate governance issues. Prior to that, he had been working since 2008 at Hermes Equity Ownership Services as associate director, head of UK engagement. He started his career in 2006 in HSBC’s fraud, risk and security office.
OMGI’s head of UK equities Richard 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. Woolfe has extensive experience in driving responsible investment strategies and his appointment will help us to further develop our stewardship activities, building on the foundations laid by Paul Emerton in recent years.”
Freddie Woolfe added: “OMGI has a great reputation for outstanding investment performance, for stewardship and driving good corporate governance. Together with fund managers, and senior leaders, I look forward to developing the business’s responsible investment strategy and improving outcomes for investors.”