The IMC will be comprised of global functional heads with broad leadership responsibility for asset classes and key enabling functions. In particular it will:
• Provide a strong and unified approach to our combined investment management activities
• Oversee investment process, performance, capabilities and investment talent
• Define and set investment culture, and the investment governance and risk framework across the business.
The global investment heads will oversee and support a number of different investment processes within their franchises given the size, scale and ambition of the combined business. They will be supported by strong business management structures both within their own franchises and across the firm as a whole.
At the point of merger completion there will be clear leadership for each asset class, and an aligned investment governance and control framework with teams and processes continuing to operate as before.
Rod Paris, Chief Investment Officer for the Combined Group, will Chair the IMC, which will be made up of the following people from both businesses, subject to the completion of the merger:
Keith Skeoch and Martin Gilbert, Co-CEOs of the combined business will have standing invitations to IMC meetings to maintain strong connectivity with our investment activities. In addition, regular attendees will be: Alan Coutts (Global COO, Investments), Ginny Richardson (Office of the CIO) and Euan Stirling (Global Head of Stewardship and ESG Investing).
Rod Paris said: “To create a world-class investment company, the investment team must be at the heart of our business. The combined Investment Management Committee (IMC) will play a vital role in achieving this. The combined businesses have strong, complementary investment capabilities which will deliver greater investment insight and more choice for clients and customers. Together we will be broader and more diverse, respecting different investment philosophies and processes, incorporating the best talent and capabilities from both firms. By combining our capabilities across equities, fixed income, multi-asset and solutions, real estate, private markets and hedge funds, we are creating a world-class investment company, with over 1,000 investment professionals and a truly global perspective.”
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