Scott Hayward, CEO, GMO
Grantham, Mayo, Van Otterloo & Co. (GMO) has a new CEO
and a new focus for 2017: climate change.
Scott Hayward will lead the value investing-focused firm
effective February 13, 2017, the firm said Monday. He joins from QMA
(Quantitative Management Associates), and replaces current interim CEO Peg
“He is a strong cultural fit for us and comes with a long
track record of delivering investment excellence and innovation,” McGetrick
said in a statement.
Hayward spent 13 years with QMA, a Prudential subsidiary, serving
as CEO for 11 of them. Previously, he was executive vice president of Jennison
Associates and managing director of JP Morgan.
“GMO is an iconic, world-class investment manager with an
exceptional history of investment thought leadership and independence,” Hayward
said. “I look forward to working with such an accomplished team to bring the
best of GMO’s fundamental and quantitative capabilities to bear on behalf of
The Boston-based firm also hired Andy Martin, who most
recently served as head of global hedge fund research for Cambridge Associates,
to the newly created position of head of investment teams.
Martin boasts an extensive background in equity research,
with time spent at Credit Suisse First Boston and Donaldson, Lufkin &
Jenrette prior to his 10-year tenure at Cambridge.
GMO said it will further turn its attention on strategies
focused on climate change, with its founder and legendary investor Jeremy
Grantham stating “global warming will be the most important investment issue
for the foreseeable future.”
“GMO has been doing fundamental research on investment
implications and opportunities relating to environmental factors for years,”
Arjun Divecha, GMO partner and chairman, said, “We are confident that now is
the time to partner with our clients and provide investment solutions.”
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