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Stock impact report

Federated Hermes to open Hong Kong office as part of Asia-Pacific expansion strategy [Yahoo! Finance]

Federated Hermes, Inc. (FHI) 
Last federated hermes, inc. earnings: 4/30 04:17 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The Pittsburgh-based investment management giant aims to deepen relationships with private banks, family offices, wealth intermediaries and institutional investors across the Asia-Pacific region. The planned Hong Kong office, subject to regulatory and other necessary approvals, will strengthen its established footprint which includes offices in Singapore, Tokyo and Sydney, Australia. Federated Hermes has maintained a presence in the region since 2010. “Asia continues to be one of the fastest-growing wealth markets globally, with clients increasingly seeking partners who can support more sophisticated investment strategies and portfolio construction,” Jim Roland, head of distribution for Asia Pacific at Federated Hermes, said in a prepared statement. “Establishing a presence in Hong Kong enables us to work even more closely with partners and clients on the ground, providing localized service and expertise.” Click here to read more from our partners at the Pittsburgh Business Times Show less Read more
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