London, 28 August 2019: Majedie Asset Management (“Majedie”), the specialist active equity investor, today announced that Cindy Rose has started at the firm as Head of Responsible Capitalism. In her new role, Cindy will lead and further develop Majedie’s commitment to Responsible Capitalism. Cindy was previously at Aberdeen Standard Investments (ASI), where she was Head of ESG, Clients and Products. Prior to that, she was Co-Head of ESG & Stewardship at Aberdeen Asset Management.
Since Majedie launched its first funds in 2003, the firm has embraced active ownership of its client investments, voting on proposals at all investee company meetings and engaging with management teams on behalf of all stakeholders. Majedie adopted ‘Responsible Capitalism’ formally as its ESG ethos at its 2012 Client Conference, to explain its overarching company purpose: to make money for clients – responsibly.
James de Uphaugh, Chairman and CIO at Majedie, said:
“Majedie’s latest PRI scores are testament to our commitment to Responsible Capitalism. Our integrated approach means we do not separate ESG from financial performance indicators: ESG issues have financial implications and don’t exist in a vacuum. Cindy has a tremendous track record and expertise and we look forward to working with her to make a real impact for our clients.”
Cindy Rose, Head of Responsible Capitalism, said:
“Majedie has a long-stated commitment to responsible capitalism and I am looking forward to helping further refine and develop its unique approach. We believe that investing responsibly and making money for our clients are two sides of the same coin – ultimately, we are all stakeholders.”
Majedie is a signatory to the Principles for Responsible Investment (PRI), a Tier One Signatory to the Financial Reporting Council’s Stewardship Code and a member of the Investor Forum, the Investment Association, Investment20/20 and the New City Initiative, which gives a voice to independent, owner-managed firms that are entirely focused on and aligned with the interests of their clients and investors.
In the three key areas of Strategy & Governance, Incorporation (Listed Equity) and Active Ownership (Listed Equity), the PRI awarded Majedie A+A+A ratings respectively in its 2019 review.
The integration of Environmental, Social and Governance (‘ESG’) criteria has become a key issue for investors and the PRI’s annual assessment of each of the 1,800 signatory companies enables them to identify those asset managers with the strongest approach to responsible investment.
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