Federated Investors’ Hermes tie-up has ESG, cash focus
Speaking to AsianInvestor, senior executives of both businesses stress the potential expansion of ESG and cash management products, particularly in Asia.
Federated Investors’ acquisition of a 60% stake in Hermes Investments for £246 million ($350 million) is designed to target environmental, social and governance (ESG) in the US and help expand ESG and cash management products into Asia, especially China, say senior executives at both companies.
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