Kunjal Gala to become lead GEM fund manager at Federated Hermes as Greenberg steps back

Gary Greenberg to retire in 2022

Gary Greenberg, lead manager of the Hermes Global Emerging Markets and Hermes Global Emerging Markets SMID Equity funds, will step back from day-to-day portfolio management duties from September 2020 and hand over the reins to colleague Kunjal Gala, who has co-run both funds alongside Greenberg since 2016 and 2018 respectively.

Greenberg will remain global head of emerging markets at Federated Hermes and will oversee asset allocation, stock selection and team management duties until he retires in 2022 - a date that was first announced at the end of last year. Eoin Murray, head of investment for the international business of Federated Hermes, said: "Gary and Kunjal have created an industry-leading approach to emerging markets investment which has delivered consistent returns for our clients. "The appointment of Kunjal is a natural evolution within our emerging markets team and we are delighted to have such st...