Global investor group launches with
July 8, 2014
By Laurie Havelock
Fidelity’s Simon Fraser and Corsair Capital director
Andy Griffiths join the Investor Forum
The Investor Forum,
a group formed with the aim of boosting engagement between long-term
investors and corporates in the UK, has officially launched this week
with the appointment of a chairman and executive director.
former CIO and currently the chairman of Foreign & Colonial Investment
Trust, is to serve as chairman of the group, which has also appointed
Andy Griffiths, a senior adviser to Corsair Capital, as its executive
Griffiths previously worked at Capital Group for more than 20 years as
a research analyst and investment professional, with a focus on
European banks and international equities.
The Investor Forum is an investor-led organization largely composed of
asset managers and owners – including pension funds, life assurers and
sovereign wealth funds – with interests in UK companies, with the aim
of promoting their long-term health and profitability.
when the group was
established in December 2013,
it is hoped companies will invite long-term institutional investors in
for a discussion about strategy, with a particular focus on what a
firm believes are its underlying strategic advantages. The group’s
aims are closely supported by the British government; Vince Cable, the
UK’s business secretary, says its implementation is a ‘welcome step’
toward stabilizing the UK economy.
Fraser, expanding on the role the Investor Forum hopes to play in the
future, says working with this in mind is key to the group’s success.
‘In order to restore trust in the value of markets and their role in
the economy, it is imperative that all investors take a long-term
interest in the strategic direction of the companies they invest in,’
he explains. ‘The Investor Forum will help facilitate better
engagement between UK public companies and their shareholders to
support long-term value creation opportunities.’
Part of this, the group’s website suggests, can be achieved by
‘promoting cultural change throughout the investment chain’ – from
asset owners and advisers through to fund managers. It also sets out
plans to form ‘engagement groups’ for when a number of investors are
concerned a company is failing in a way that could compromise
‘Our guiding principles will be rooted in value creation for investors
and the pursuit of solutions that ensure the UK is a welcome home for
many of the world’s most dynamic enterprises,’ Griffiths says. The new
executive director adds that he is ‘delighted’ to have the opportunity
to work with the Investor Forum.