Federated Hermes to open in Hong Kong as US fund grows in Asia to tap family offices

Quick Summary:

US money manager had US$800.5 billion of assets under management in 2024, including US$3.4 billion in Asia excluding Japan.

Hong Kong has become a highly receptive market following the end of the Covid-19 pandemic and is integral to Federated Hermes’ expansion plans in the region, said Jim Roland, head of Asia-Pacific distribution, who met with several local regulators earlier this month.

Singapore is its headquarters in Asia, while it also has offices in Australia and Japan.

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Article Details

Author / Journalist: Peggy Sito

Category: Business

Markets: Hong KongAustraliaChinaJapanSingapore

Topics: Billion Month Us$800 Federated Kong Asia Assets Hermes Hong Manager Including

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 17:00:09 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25360506

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