Hermes Investment Management has appointed a research director in a newly created position ahead of MiFID II’s unbundling rules.
Orla Murphy joins the £30.8 billion asset manager from VTB Capital where her roles included business manager for international equities and cross-asset business manager.
She has also held business management and analysis positions at Barclays Wealth and Fidelity Investments.
Murphy will be responsible for establishing, reporting and linking research value, managing the research budget, transaction cost analysis and other MiFID II related issues.
She will be based in London and will report to head of investment, Eion Murray.
Murray explained Murphy’s “extensive front office management experience and a strong track record of following market developments” ideally places her to implement Hermes’ new research procurement programme.
“She will ensure our investment teams have the resources they need while developing best-practice adherence to incoming regulation,” he added.