Helena Morrissey CBE, CEO of Newton Investment Management, is incoming chairman of the IMA, the asset management industry trade body whose members collectively oversee “about” five trillion pounds. Yes, five trillion. She is using her “soft power” to drive big change.
Given that Morrissey is famous for setting up the 30% Club to get more gender diversity onto boards, I expected us to have a chat about diversity in the asset management industry.
But her ambitions are much, much bigger than gender balance. For a start, she hopes to give other chief executives permission to make better long-term decisions. “We almost have to have a pact that allows our clients to judge us over three to five years – and for them to then give us a mandate to judge the companies we are investing in, based on their strategy, not each quarter’s results.”
This article originally appeared on International Business Times. Read more…