David Pitt-Watson was named director of investments at Hermes Pensions Management, effective Nov. 11. He will oversee the Focus Funds, corporate governance and the recently launched Equity Ownership Services, according to a news release from the company. Mr. Pitt-Watson replaces Peter Butler, former head of corporate governance, and Steve Brown, former managing director of investments; both resigned earlier this week.
Mr. Pitt-Watson was managing director of the large-capitalization UK Focus Fund; he will be replaced by John Leach, who was executive director, responsible for turnaround strategies in corporate governance. Other members of Mr. Leach's team will assume his duties.