Federated Hermes Announces Steve Chiavarone as New Chief Investment Officer for Global Equities

Federated Hermes, Inc. (FHI) undergoes a pivotal leadership transition with the appointment of Steve Chiavarone, CFA, as its new Chief Investment Officer for Global Equities, effective September 1, 2026. This change comes as Steve Auth retires after a long tenure, marking the end of a meticulously planned succession process that commenced on May 7, 2026.

Leadership Change and Its Implications

This leadership change is not merely routine; it is strategically crafted to ensure the seamless continuation of Federated Hermes' substantial global equities framework, which manages around $100.80 billion in assets. The firm reassures its clients and stakeholders that the transition is carefully managed to maintain stability in its investment strategies and macroeconomic positioning. Steve Chiavarone’s extensive history with Federated Hermes positions him to uphold and advance the firm’s existing investment philosophy.

As a long-serving member of the organization, Chiavarone has actively contributed to the development of investment strategies and operational efficiencies within Federated Hermes. His appointment comes at a critical time, allowing the firm to navigate the complexities of a continually evolving market landscape while fostering growth within its global equities sector.

Strategic Continuity Amid Change

The planned succession aims to not only preserve but also enhance the firm’s trajectory in the global equities arena. Federated Hermes emphasizes that this transition intends to reassure clients and stakeholders of its commitment to stability and continued success as they adapt to changing market conditions. The firm’s proactive approach underscores its dedication to maintaining high standards in investment management and client service.

Looking Ahead

With Chiavarone stepping into this crucial role, Federated Hermes is well-positioned to leverage its extensive resources and experience as it looks to strengthen its influence in the investment space. This leadership transition signals not only a new chapter for the firm but also reinforces its foundational principles, ensuring that clients can trust in the firm’s operations during this key period of change.