HBOS reveals SRI future following key appointments

HBOS Asset Management has recruited three members of Friends Ivory & Sime's Socially Responsible Investment (SRI) team. Craig Mackenzie who was director of SRI at Friends Ivory & Sime, will head up the function at HBOS where he will report to chief investment officer Michael Deakin. He is joined at HBOS by his deputy Rachel Crossley and fellow team member Steve Waygood. HBOS Asset Management runs two ethical funds ' Evergreen, a £20.5m global, environmental portfolio and Ethical, a £19m UK and European SRI product but it has no staff dedicated exclusively to the sector. Gary Mairs, ma...