Federated Hermes Appoints R.J. Gallo as CIO, Managing $101.8 Billion in Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17h ago
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Source: Newsfilter
- Leadership Transition: Federated Hermes announces R.J. Gallo will succeed retiring CIO Robert Ostrowski, overseeing $101.8 billion in fixed-income assets as of September 30, 2025, ensuring the firm's continued competitiveness in the global fixed-income market.
- Asset Growth: Under Ostrowski's leadership, fixed-income assets grew from $29.5 billion in 2004 to $101.8 billion, an increase of $72.3 billion, demonstrating the firm's successful strategies and market recognition in diversified investment products.
- Team Strength: The global fixed-income team comprises 107 professionals with an average of 19 years of industry experience, ensuring the professionalism and stability of investment decisions, which further enhances client trust in Federated Hermes.
- Municipal Bond Leadership: Ann Ferentino will become the sole head of the Municipal Bond Group, managing $7.1 billion in municipal assets, and with her 30 years of industry experience, she is expected to drive further development and performance improvements in this sector.
Analyst Views on FHI
Wall Street analysts forecast FHI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FHI is 53.75 USD with a low forecast of 51.00 USD and a high forecast of 56.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 52.930
Low
51.00
Averages
53.75
High
56.00
Current: 52.930
Low
51.00
Averages
53.75
High
56.00
About FHI
Federated Hermes, Inc. is an investment management company. The Company operates through a single segment, being the investment management business. It sponsors, markets, and provides investment-related services to various investment products, including sponsored investment companies and other funds (Federated Hermes Funds); and Separate Accounts, which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. In addition, it markets and provides stewardship and real estate development services to various domestic and international companies. The Company provides investment advisory services to approximately 176 Federated Hermes Funds. It markets these funds to institutional customers and banks, broker/dealers and other financial intermediaries who use them to meet the needs of customers and/or clients, including, among others, retail investors, corporations, and retirement plans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
