Federated Hermes increases European coverage

Federated Hermes’s has added one more European location following a string of office openings that started after the firm’s formation in 2018.

The asset manager’s new Spanish office in Mardrid adds to offices opened in Germany and Denmark in 2019.

Carlos Capela, who joined Federated Hermes last year, heads the push into Spain, Portugal and Andorra as Iberia business development director.

Federated Hermes was started after US-based Federated Investors bought a 60% stake in the UK’s Hermes Investment Management.

In 2019, the firm also established an Ireland-domiciled management company, Hermes Fund Managers Ireland Limited, as part of its Brexit plan. There are now 16 employees across the European offices outside the UK.

Harriet Steel heads the firm’s international business development and said opening in Spain was a “natural next step … given our strong institutional and wholesale client base in the region”.

The firm has $628.8 billion in assets under management, as of June 30.

© 2020 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST