March 14, 2014
GES, the Stockholm-based ESG research house, is merging with Governance for Owners’ five-strong Stewardship Services arm, which is being split off from GO.
The merged entity will operate under the GES name with support on Japanese engagements from Governance for Owners’ Tokyo operations. The aim is to create a global leader in ESG engagement, research and voting.
Magnus Furugård, President and Managing Director of GES, said: “The combined firm will create a comprehensive offering to cover all aspects of engagement, including proxy voting.” Brown added: “The combined business will be well placed to focus on its core strengths and grow independently from GO, which will now focus on investment business.”
by Daniel Brooksbank