Federated Hermes Inc (FRA:3KC)
€ 35.8 -0.2 (-0.56%) Market Cap: 3.02 Bil Enterprise Value: 2.91 Bil PE Ratio: 12.81 PB Ratio: 3.01 GF Score: 93/100

Federated Hermes Inc at Deutsche Bank Global Financial Services Conference (Virtual) Transcript

May 26, 2020 / 06:40PM GMT
Release Date Price: €21 (+6.06%)
Brian Bertram Bedell
Deutsche Bank AG, Research Division - Director in Equity Research

Okay. Thanks, everyone, for joining our usual fireside chat. I'm Brian Bedell, the broker asset manager and exchange analyst at Deutsche Bank. And we are excited to have Tom Donahue and Ray Hanley from Federated Hermes joined us again this year. For those of you who don't know, Federated is one of the largest asset managers with over $600 billion in AUM, and it's based in Pittsburgh, but has offices across the country and has certainly extended its global reach now with the acquisition of Hermes -- 60% of Hermes Asset management 2 years ago, which at that time, at $46 billion in AUM. Tom has been with Federated since 1993, and he's been the CFO since 1996. And we also have Ray Hanley here, who is Head of Investor Relations and President of Federated Investors Management, which is the finance and administration arm of Federated. And Ray has been with the company since 1985. So again, we're very fortunate to have 2 multi-decade veterans with us on the line. Again, thanks to both of you for being with us today.

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