Federated Hermes, Inc. announces changes to Investment and Distribution executive leadership and Board of Directors
Rhea-AI Summary
Federated Hermes (NYSE: FHI) announced executive leadership changes effective April 30, 2026. Paul Uhlman will become President and CEO of the Federated Advisory Companies, succeeding John Fisher, who will step back from full-time duties and become Chairman of the Federated Advisory Companies. Bryan Burke will succeed Uhlman as President of Federated Securities Corp. Fisher will remain on the Federated Hermes board but will not stand for re-election at the annual meeting expected on April 30, 2026. Assets under management: $871.2 billion as of Sept. 30, 2025.
Positive
- Planned succession effective April 30, 2026
- Promotion of Paul Uhlman to President & CEO, Federated Advisory Companies
- Continuity: John Fisher to remain Chairman and stay on the board until the next annual meeting
- AUM $871.2B as of Sept. 30, 2025
Negative
- Executive change: John Fisher stepping back from full-time executive duties
- Board turnover: Fisher will not stand for re-election at the expected April 30, 2026 annual meeting
News Market Reaction
On the day this news was published, FHI gained 0.94%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
FHI was up 1.52% while close peers were mixed: AB -1.05%, GBDC -0.97%, APAM +0.12%, VCTR +0.09%, ATCO flat. This points to a more stock-specific move around the leadership news.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 10 | Dividend declaration | Positive | +1.5% | Tax-free dividend of $0.0450 per share with key payment dates. |
| Dec 02 | Executive changes | Positive | +0.9% | Announced executive leadership changes effective April 30, 2026. |
| Nov 17 | Fund data update | Neutral | -2.4% | Month-end portfolio and performance data made available for FMN. |
| Nov 10 | Dividend declaration | Positive | +0.4% | Tax-free $0.0450 per share dividend with November record date. |
| Nov 05 | Mgmt succession | Neutral | -0.7% | Planned 2026 retirements for five senior portfolio managers. |
Recent company and fund news, including dividends and management transitions, generally saw modestly positive or muted reactions, with no strong pattern of selling on leadership changes.
Over the past few months, Federated Hermes has highlighted stability and succession planning. Fund-level releases on tax-free dividends at $0.0450 per share and portfolio data were accompanied by repeated references to $871.2 billion in AUM as of Sept. 30, 2025. Management updates on portfolio manager retirements and 2026 transition plans reinforced a structured approach to leadership change. Today’s broader executive and board succession announcement fits into this ongoing narrative of planned transitions rather than abrupt shifts.
Market Pulse Summary
This announcement details a structured leadership and board succession, with new roles for Paul Uhlman and Bryan Burke effective April 30, 2026, and related fund board changes expected by May 14, 2026. It fits into an ongoing pattern of planned retirements and transitions, while highlighting Federated Hermes’ scale at $871.2 billion in AUM and more than 10,000 client relationships. Investors may watch how responsibilities shift across investment and distribution platforms as these timelines approach.
AI-generated analysis. Not financial advice.
Paul Uhlman will be named President and Chief Executive Officer of the Federated Advisory Companies*, succeeding John Fisher, who will assume the role of Chairman of the Federated Advisory Companies. In his new position, Uhlman will oversee all investment teams across the firm globally. He will remain a Vice President and executive officer of Federated Hermes, Inc.
Uhlman began his career with Federated Hermes in 1990. Prior to assuming the President, Federated Securities Corp. position in 2016, he held various leadership positions within the Sales Division, including Intermediary Sales, Liquidity Sales, Strategic Solutions, Retirement and Institutional Sales. He received a bachelor's degree from the University of
Bryan Burke, Executive Vice President and National Sales Director, Strategic Solutions, will succeed Uhlman as President of Federated Securities Corp. Burke will lead global sales efforts for Federated Hermes, driving its client engagement and distribution capabilities. Burke will also become a Vice President and executive officer of Federated Hermes, Inc.
Burke joined Federated Hermes in 2002 and has held key leadership roles in distribution. He helped launch the National Accounts Group in 2005, led Retirement and Insurance Sales in 2007, and became Head of Global Accounts in 2018. In 2020, Federated Hermes'
John Fisher will step back from full-time responsibilities as a Vice President of Federated Hermes and President and CEO of the Federated Advisory Companies, and will no longer serve as an executive officer of Federated Hermes, Inc. In his role as Chairman of the Federated Advisory Companies, Fisher will remain actively involved in several major strategic initiatives. He will continue to be a key figure with clients and will support client engagement around the world.
Bryan Burke will report to J. Christopher Donahue, President and CEO, Federated Hermes, Inc. Paul Uhlman and John Fisher will continue to report to the CEO.
These leadership changes will be effective April 30, 2026. In the interim, Fisher, Uhlman and Burke will work on the transition of responsibilities.
J. Christopher Donahue, President and CEO of Federated Hermes, Inc., commented: "Paul brings deep experience and a strong commitment to our clients and culture. His appointment reflects our continued focus on both the delivery of long-term value creation and outstanding investment solutions for our clients.
"Bryan brings proven leadership in global distribution, having driven strategic growth and client engagement across key markets. His experience and vision will further strengthen our ability to deliver exceptional solutions worldwide.
"John will, after nearly 46 years of distinguished leadership, step back from full-time responsibilities. He has been a driving force in establishing the global company that is Federated Hermes today and has played a pivotal role in building our investment capability into the powerful, franchise for all seasons that is so valued by our clients.
"I'm confident Paul and Bryan will carry forward the legacy of excellence that John helped build over a sustained period of time, while embracing the opportunities ahead with integrity and purpose."
John Fisher will remain on the Federated Hermes, Inc. Board of Directors but will not stand for re-election to the Board at the next Annual Meeting of Shareholders of Federated Hermes, Inc., which is expected to be held on April 30, 2026. Paul Uhlman will be recommended for nomination for election to the Board at the next Annual Meeting of Shareholders.
Paul Uhlman also will be recommended to replace John Fisher as a member of the Federated Hermes Funds' Boards of Directors/Trustees, and as President of Federated Hermes Core Trust, Federated Hermes Insurance Series, and Federated Hermes Short-Intermediate Duration Municipal Trust. Subject to approval of the Federated Hermes Funds Boards of Directors/Trustees, these Federated Hermes Fund leadership changes are expected to occur on May 14, 2026.
The transitions are part of Federated Hermes' established succession plan. Federated Hermes is enacting this plan now following John Fisher's decision to step back from full-time responsibilities as President & CEO of the Federated Advisory Companies. Announcing these changes now allows for an orderly transition of responsibilities.
Federated Hermes, Inc. (NYSE: FHI) is a global leader in active investment management, with
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* The Federated Advisory Companies consist of: Federated Investment Counseling, Federated Global Investment Management Corp., Federated Investment Management Company, Federated Equity Management Company of
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SOURCE Federated Hermes, Inc.
FAQ
When do Federated Hermes leadership changes become effective for FHI?
Who will become President and CEO of the Federated Advisory Companies (FHI)?
Who succeeds Paul Uhlman at Federated Securities Corp. (FHI)?
Will John Fisher remain involved with Federated Hermes (FHI) after April 30, 2026?
What are Federated Hermes' assets under management reported in the announcement?
