Established in 1983 as the principal manager the BT Pension Scheme, Hermes now employs 200 investment and stewardship professionals, with 448 total staff, in its London head office, Singapore and New York.
[8] Hermes continues to be the principal investment manager for the BT Pension Scheme (BTPS) and since 2012 has sought to create a third-party client base.
[9][10] In January 2016, Hermes Investment Management announced that David Stewart would replace Paul Spencer as chairman.
[11] In June 2016 Hermes spoke out against short-termism in the industry, pushing fund managers to focus on long term performance.
[12] At 31 March 2018, Hermes Investments third-party clients included institutional and wholesale investors in the UK, Europe, United States, north Asia and Australia.