US asset manager Federated Hermes has expanded its global stewardship business with the hire of a new team lead for Asia and emerging markets.
Ross Teverson joins Federated Hermes to lead the EOS (equity ownership services) engagement team for Asia and global emerging markets, according to a statement.
Based in London, Teverson is tasked with sperheading the development and delivery of EOS’s engagement plan for corporate and public policy as well as market best practices across Asia and emerging markets.
Teverson has more than 20 years of experience investing in and engaging with companies in the two markets. He was most recently working at Jupiter Asset Management where he was head of strategy for global emerging market equities as well as a member of the stewardship committee and leadership group. Previously, he also worked at Standard Life Investments.
EOS
EOS at Federated Hermes is focused on client-led stewardship on issues that deliver «long‑term sustainable wealth for investors and positive societal outcomes». Currently, there are 45 professionals working across its stewardship and responsibility teams.
In 2022, EOS engaged with 270 companies in Asia and emerging markets based on four priority themes: climate change action, human and labor rights, human capital, and board effectiveness and ethical culture.
«Asia and the emerging markets are particularly important for our stewardship clients and someone of [Teverson] caliber will be a significant addition to our global platform,» said Federated Hermes head of stewardship Bruce Duguid.
