News
23/04/2007
Investment and corporate expertise specialists join GO team
Governance for Owners (GO), the independent partnership specialising in
shareholder engagement funds and stewardship activities, announced today that
Christy Wood and Bruno Allmendinger have joined its Advisory Board. These
appointments bring the executive and advisory team to 38, covering 14 nationalities.
Christy Wood is Senior Investment Officer at CalPERS, which has invested in
Governance for Owners Group LLP and made a $200m investment in the GO
European Focus Fund. Christy is responsible for implementing and managing
investment strategy and policy for CalPERS’ publicly traded equity investments
worldwide, and for a team that manages more than $100 billion in domestic and
international equity assets. She also oversees CalPERS’ hedge fund program,
domestic long/short program, corporate governance, cash management, and
manager development program.
Bruno Allmendinger was until recently CFO and a member of the Executive
Committee of Sulzer, a Swiss-listed company which is active in machinery and
equipment manufacturing and surface engineering in over 120 locations worldwide.
Bruno joined Sulzer in 1971 and has held a range of finance-related roles during his career with the company. Bruno is also a member of the Sanctions Commission of the SWX Swiss Stock Exchange, a trustee of the Sulzer Pension Fund and head of its investment committee and a member of the committee of the Swiss Association of Financial Executives. Bruno stepped down from his executive function on March 1and will retire from his full time position with Sulzer by the end of June 2007.
Christy and Bruno join existing Advisory Board members Eric Tracey, Anne Simpson, Jim Burton, Prof Klaus Pohle, Prof Philippe Haspeslagh and Chairman Bob Monks. GO Group board directors, Sir John Egan, Derek Scott and Ronnie Armist also attend Advisory Board meetings.
Peter Butler, Chief Executive of GO, said: “The Advisory Board brings together
senior professionals with a range of skills pertinent to our investment analysis and
engagements with companies. Christy’s extensive investment experience and strong commitment to active share ownership and Bruno’s corporate perspective and financial expertise will further strengthen the capacity of the Advisory Board to
contribute to GO’s objective to use relational engagement to generate long-term
value for share owners.”
ENDS
For further information contact:
Peter Butler, Governance for Owners, 020 7614 4750
Mani Pillai, Penrose, 020 7786 4814
Notes to Editors:
1. Governance for Owners (GO) is an independent partnership between major financial institutions, shareowners and executives dedicated to adding long-term value for clients by exercising owners’ rights. There are two main product offerings.
The GO European Focus Fund, which invests in European public companies where value can be added through making use of ownership rights. Total funds now available to the GO European Focus Fund are just under US$1bn.
The GO Stewardship Service offers voting and underlying engagement services covering 700 European and 500 US quoted equities combined with a more intensive programme of enhanced-value engagement on a subset of clients’ investments. Plans to extend operations in Asia are being developed.
Governance for Owners Group LLP, the parent, operates in Europe through Governance for Owners LLP and in the US through Governance for Owners USA Inc. In South East Asia, GO operates in association with Tan Lye Huat and David Smith of HIM Governance.
Governance for Owners LLP is the general partner of the GO European Focus Fund.
Governance for Owners Group’s board members include founders Peter Butler and Steve Brown, Bob Monks (Chairman), Sir John Egan and investor appointees Ronnie Armist and Derek Scott.
Summary CVs of key personnel can be found under GO people section of the website.