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Federated Hermes CEO Saker Nusseibeh: ‘Bonuses are an odd way of paying people’

The rebel CEO proposed a Hippocratic Oath for fund managers. Now he's fighting the ESG backlash by giving Federated Hermes an ethical purpose

'If an investment banker is worth three, four or five million to their bank, it should be called salary'
'If an investment banker is worth three, four or five million to their bank, it should be called salary' Photo: Danilo Agutoli for FN

Two photographs grab your attention when you enter Saker Nusseibeh’s office at the London headquarters of Federated Hermes near St Paul’s Cathedral.

One is of the chief executive receiving his CBE from the Princess Royal in 2019 for services to responsible business and finance. The other captures a meeting between him and Pope Francis.

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