Majedie Asset Management creates new Head of Responsible Capitalism role

Cindy Rose joins from Aberdeen Standard Investments

London, 7 May 2019: Majedie Asset Management (“Majedie”), the specialist active equity investor, today announces that Cindy Rose is joining the firm in a newly created role as Head of Responsible Capitalism. Cindy joins from Aberdeen Standard Investments (ASI), where she was Head of ESG, Clients and Products; she was previously Co-Head of ESG & Stewardship at Aberdeen Asset Management.

Cindy will lead and further develop Majedie’s commitment to Responsible Capitalism. 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.

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 both the Investment Association 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.

Cindy is expected to start working at Majedie on 27 August.

Rob Harris, Chief Executive of Majedie, said:
“Active equity management requires active stewardship and Responsible Capitalism is in our DNA. We set out our approach to ESG issues at business launch and have continued to develop our capability ever since.

Majedie’s holistic and integrated approach means we do not separate ESG from financial performance indicators. ESG issues have financial implications; they do not exist in a vacuum.

A longer-term perspective that is fair to employees, shareholders, customers, regulators and the wider community is more sustainable and eventually more valuable to shareholders. To us, this is Responsible Capitalism.

With Cindy’s appointment we are further strengthening this commitment. She has tremendous expertise and a great track record. We are genuinely excited to welcome her to Majedie.”

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