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Wednesday, January 22, 2020

Federated By Any Other Name

Reported by Neil Anderson, Managing Editor

A publicly traded U.S. asset management giant's name and ticker are changing.

John Christopher Donahue
Federated Investors
President, CEO & Chairman
On Friday, the Federated Investors [profile] team revealed that on January 31 the firm's name will change to Federated Hermes. Also on January 31, Federated's NYSE ticker will change from FII to FHI. The Federated team offered no other details but hinted that more information will be released in Feberuary.

The rebranding comes a year and a half after Pittsburgh-based Federated bought a majority stake in a London-based asset manager, Hermes Investment Management.

As of September 30, 2019, Federated had $527.2 billion in AUM. 

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