EOS at Federated Hermes (EOS) has been appointed by Danish asset manager firm, BankInvest, to provide engagement and voting services across the firm’s equity and fixed income portfolio of $15.3bn.
Building on recent growth momentum in the Nordics, EOS now represents a portfolio of $184bn across local government and private pension services providers, and institutional investors in the Nordic region. Leveraging its influence of $2.1trn in assets under advice globally, EOS said it focuses its engagements on the issues with the greatest potential to deliver long-term value for its institutional investor client base. Issues of most importance to its Nordic clients include human and labour rights, human capital management and climate change.
BankInvest said it aims to provide high-quality investment and administration services to its diverse client base in and outside of Denmark, and the appointment of EOS is designed to enhance its responsible investment approach as it seeks to further scale its engagement capabilities and voting framework.
Christine Bergstedt Jorgensen, director for business development, Nordics, Federated Hermes commented: “Federated Hermes has been a trusted presence in the Nordic market for over a decade. Our leading stewardship credentials have earned the confidence of numerous financial institutions and asset owners. Leveraging the influence of our $2.1trn asset base, we look forward to bringing our active ownership expertise to our partnership with BankInvest in order to responsibly create lasting value for their clients.”
Jakob Møller Petersen, chief sustainability officer at BankInvest, added: “Active asset management is the foundation of BankInvest’s investment approach. We see dialogue as an important part of understanding the opportunities and risks facing the companies we invest in. To strengthen our active ownership and further promote long-term value creation, we have decided to complement our individual engagements by entering a partnership with EOS. With this, we hope to expand our engagement reach and influence, while ensuring even stronger alignment between our voting and engagement objectives.”
