Hermes Focuses On Risk With Hires

Sep 15 2008 | 7:53am ET

Hermes has beefed up its risk management team with a pair of hires.

The firm appointed Daniel Roff head of risk and quantitative solutions for fixed-income, and Stuart Woodyatt as director of operational risk.

Roff joins from Legal & General Investment Management, where he was head of investment risk management, while Woodyatt was previously group risk manager at London and Capital Group.

“The two new hires are an important further step in the development of our risk management platform to provide enhanced support for our expanding investment capabilities,” said CEO Rupert Clarke. “We will continue to make significant investments in the systems, risk and operational support platforms, as we build Hermes as a multi boutique investment management business.”

Hermes currently manages £35.5 billion (US$62 billion) in alternatives and equity products. The firm is owned by the BT Pension Scheme.

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