Hermes Investment Management has appointed a new research director to oversee procurement of research for investment teams and assist with Mifid II issues.
Orla Murphy, who becomes research director, joins from VTB Capital.
In the newly created role, Murphy, who will report to head of investment Eoin Murray, will focus on procuring equity and credit research from brokers and independent researchers.
She will also be responsible for establishing, reporting and linking research value, managing the research budget, transaction cost analysis and other Mifid II issues.
Murray says: “With extensive front office management experience and a strong track record of following market developments in the financial services industry, Orla is ideally placed 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.”
Prior to VTB, Murphy held business management and analysis positions at Barclays Wealth and Fidelity Investments.