WHEB MD Latham steps down from Foresight role

George Latham (pictured) has announced he is stepping down as managing director at Foresight Group following the group’s acquisition of WHEB Asset Management six months ago. 

Latham was MD for impact investment manager WHEB for over a decade. He said in a LinkedIn post: “With the successful integration of WHEB into Foresight Capital Management now complete, the time feels right to hand over the baton and reflect with pride on what we have achieved together.

“Leading WHEB Asset Management for more than a decade has been a remarkable adventure; one built on teamwork, shared purpose, and a commitment to making a positive impact. Beginning in 2012, this exceptional team took the business from £25m in assets under management to a peak of more than £1.6bn, managing assets for institutional and retail, UK and international investors. Along the way, we won an array of awards and achieved significant industry recognition. Investors understood clearly what WHEB’s brand stood for, and we helped to build a movement in impact investing. I am immensely grateful to my colleagues, our clients and our many supporters, all of whom contributed to building a thriving business, a trusted brand, and a distinctive culture.”

See also: Q&A: What does Foresight’s acquisition of WHEB mean for the future? 

He added while it may be challenging times for sustainable investment, the Foresight acquisition of WHEB’s strategies puts them “into the strongest position possible to deliver on long-term potential”.

“I remain a strong supporter of, and investor in, the WHEB funds and have taken up a position on the independent Investment Advisory Committee, where I will continue to have some involvement in the strategy.”

Latham will be exploring new roles and is “looking forward to the next steps”. 

At the time of the acquisition announcement, it was said all three of WHEB’s partners, alongside “key employees” such as fund managers and the investment team, will become part of Foresight and will remain based in London.

Nick Scullion, partner at Foresight Capital Management, said: “We thank George for all his help in ensuring the smooth and successful integration of WHEB into Foresight, where the commitment to impact investing will continue. We look forward to our continued relationship as he joins the Independent Investment Advisory Panel. We wish George the best with his future endeavours.” 

This article first appeared on Portfolio Adviser.