Two of Europe’s leading investment service providers, Stockholm’s GES and Governance for Owners Stewardship Services (GOSS), based in London, are merging to create a global leader in ESG engagement, research and voting.
The fusion brings together GES’ expertise in environmental and social research and engagement with GOSS’ skills in corporate governance engagement, proxy voting and policy advice. The combined business will operate collectively under the GES’ name with support on Japanese engagements from Governance for Owners’ Tokyo based operations.
Magnus Furugård, President and Managing Director of GES, said: “With increased engagement experience, clients are broadening their engagement activities and using multiple approaches. The combined firm will create a comprehensive offering to cover all aspects of engagement, including proxy voting. I also look forward to welcoming Peter Butler, a founder partner of Governance for Owners, as a Senior Advisor to our business.”
Steve Brown, Chief Executive of GO LLP, said: “We have been aware for some time of growing demand for a combined ESG offering. We have found a perfect partner for our Stewardship Services business in GES, who share our values and beliefs. The combined business will be well placed to focus on its core strengths and grow independently from GO.”