Federated Hermes, Inc. has named Paul Uhlman President and Chief Executive Officer of its Federated Advisory Companies, a role that will take effect on April 30 2026. Uhlman, who joined the firm in 1990 and previously led Federated Securities Corp. as President, will oversee all investment teams worldwide while retaining his position as Vice President and executive officer of the parent company.
The announcement also names Bryan Burke as President of Federated Securities Corp., the firm’s global sales arm. Burke, who has been with Federated since 2002 and most recently served as Executive Vice President and National Sales Director, will report to J. Christopher Donahue, President and CEO of Federated Hermes, Inc., and will also remain a Vice President and executive officer of the parent company.
John Fisher, the long‑time President and CEO of the Federated Advisory Companies, will step back from full‑time duties and will no longer serve as an executive officer of Federated Hermes, Inc. He will continue on the company’s Board of Directors and will serve as Chairman of the Federated Advisory Companies, but will not seek re‑election at the next annual meeting scheduled for April 30 2026.
Federated Hermes reported record assets under management of $871.2 billion as of September 30 2025, a 12% year‑over‑year increase driven by strong demand in its money‑market and equity strategies. In Q3 2025 the firm posted earnings per share of $1.34, beating analyst expectations of $1.13 by $0.21 (18.6%) and revenue of $469.45 million, up 15% from $404.5 million in Q3 2024. The earnings beat was largely attributable to disciplined cost management and a favorable mix shift toward higher‑margin equity products, while the revenue growth reflected robust inflows into money‑market funds and continued momentum in the firm’s quantitative equity offerings.
Management highlighted the strategic rationale behind the succession plan, noting that Uhlman’s deep experience in distribution and client service will help align investment execution with commercial objectives. Donahue said, “Paul brings a strong commitment to our clients and culture, and his appointment reflects our focus on delivering long‑term value and outstanding investment solutions.” He added that Burke’s proven leadership in global distribution will strengthen the firm’s ability to deliver solutions worldwide. The leadership transition is positioned to maintain continuity while positioning the company for future growth, with the firm’s recent acquisitions—such as a 60% stake in UK renewable‑energy developer Rivington and a planned 80% acquisition of real‑estate manager FCP Fund Manager—underscoring a broader strategy of diversification and expansion.
The transition aligns with Federated Hermes’ broader succession planning, which also includes the retirement of five senior portfolio managers in 2026. The firm’s strong financial performance, record AUM, and disciplined cost structure provide a solid foundation for the new leadership to build on, while the strategic acquisitions signal an intent to broaden its asset‑management footprint and capture new growth opportunities.
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