Majedie creates ‘head of responsible capitalism’ role

Equity house nabs Aberdeen Standard head of ESG

Majedie Asset Management has recruited from Aberdeen Standard Investments for its newly-created role of “head of responsible capitalism”.

Cindy Rose (pictured), former co-head of ESG and stewardship at the Scottish funds giant, will join Majedie in August.

In a press release, Majedie chief executive Rob Harris said the investment house does 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.”

The firm said it has voted on proposals at all investee company meetings since its first funds launched in 2003.

Rose will be responsible for leading and developing Majedie’s commitment to responsible capitalism.

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