A publicly traded U.S. asset management giant's name and ticker are changing.
| John Christopher Donahue|
President, CEO & Chairman
On Friday, the Federated Investors
] 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 February.
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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