Federated Hermes completes expansion of $1trn stewardship team

Greater emphasis on US

Federated Hermes has finished expanding its EOS stewardship team, with 13 new hires across the US and UK teams this year as well as two responsible property specialists and three people in its responsibility office.

The firm now has more than 60 employees working across its stewardship and responsibility teams, although it is placing greater emphasis on expanding its capabilities in the US due to growing demand for ESG products. Since July 2018, EOS has added a further $500bn of assets under advice, surpassing the $1trn mark during Q1 this year. Federated Hermes adds to impact team with Jupiter hire Saker Nusseibeh, CEO, international at Federated Hermes, said: "Active stewardship; high active share; and the integration of ESG, alongside traditional performance factors, have long been at the h...