Federated Hermes announces leadership changes in fixed-income group
- Editor
- Feb 4
- 1 min read
What's Happening: Federated Hermes, a global investment manager, is making significant changes to its fixed-income leadership team. The firm is promoting Kathryn Glass to co-head of the Domestic High Yield Group and announcing portfolio manager changes due to an upcoming retirement.
The Key Moves:
Kathryn Glass named co-head of Domestic High Yield Group alongside Mark Durbiano
Portfolio manager changes announced for municipal fixed-income strategies
Jeff Kozemchak to retire as senior portfolio manager for municipal liquidity, ultrashort and short-intermediate strategies on May 1, 2025
By The Numbers :
Federated Hermes manages $13 billion in US high-yield fixed income strategies
The firm has $98 billion in total fixed-income assets as of Dec. 31, 2024
Federated Hermes manages approximately $23 billion in municipal strategies
Key Quotes:
"We thank Jeff for his outstanding contributions to Federated Hermes over nearly four decades," said Deborah Cunningham, CFA, chief investment officer for Global Liquidity Markets.
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The Bottom Line: Federated Hermes is strengthening its fixed-income leadership with internal promotions and strategic changes to its portfolio management team. These moves aim to ensure continuity and expertise in managing the firm's significant fixed-income and municipal assets as it adapts to upcoming retirements and evolving market conditions.
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