GMO Names Hayward As New CEO And Martin As Head Of Investment Teams

Jan 23 2017 | 9:03pm ET

Value specialist Grantham, Mayo, Van Otterloo & Co., better known in the industry as GMO, has named former Quantitative Management Associates CEO Scott Hayward as the company’s new chief executive and former Cambridge Associates head of hedge fund research Andrew Martin as head of investment teams.

Hayward will assume the role effective February 13, GMO said in a statement. He replaces interim CEO and director Margaret McGetrick, who will remain on the board. 

Hayward spent 13 years at QMA, a quantitative investment manager owned by Prudential’s PGIM, including 11 as CEO. He was previously executive vice president at Jennison Associates and was a managing director at JPMorgan.

“The Board of Directors and I are happy to get the new year off to a great start by appointing Scott as our CEO,” said McGetrick in the statement. “He is a strong cultural fit for us and comes with a long track record of delivering investment excellence and innovation.” 

Martin joins the company after ten years at Cambridge Associates, where he was most recently managing director in the non-profit practice and global head of hedge fund research. Prior to that, he held equity research positions with CS First Boston and DLJ. His position with GMO as head of investment teams is new. 

GMO also announced a series of strategies aimed at clients focused on climate change. The new strategies are intended to enable investors to promote a positive environmental impact while remaining dedicated to achieving superior investment results, the company’s statement said.

Long-time GMO partner and chairman Arjun Divecha noted, “GMO has been doing fundamental research on investment implications and opportunities relating to environmental factors for years, and we are confident that now is the time to partner with our clients and provide investment solutions.” 

The first strategy, which will be implemented in the company's Climate Change Fund, will reportedly launch in the first quarter of 2017 and target companies focused on climate change mitigation and adaptation.

Founded in 1977 by Jeremy Grantham, Richard Mayo and Eijk Van Otterloo, GMO manages around $80 billion in client assets across equities, fixed income, real assets, multi-asset and absolute return vehicles. 

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