#United States #Pittsburgh #Federated Hermes #Mark Weiss #Paige Wilhelm

Mark Weiss Takes Charge of Prime Liquidity Group at Federated Hermes

Federated Hermes, Inc., a respected name in active investment management, has officially announced the promotion of Mark Weiss, CFA, as the new head of the Prime Liquidity Group. This decision comes in conjunction with the upcoming retirement of Paige Wilhelm, who has effectively managed the group for over four decades. The transition is set to take place on July 1, 2026, marking an important shift for the firm as it seeks to maintain its excellence in money market investment strategies.

The Journey of Mark Weiss

Mark Weiss steps into this pivotal role equipped with more than 28 years of extensive experience in trading, research, and portfolio management. Previously, Weiss served as a senior portfolio manager, where he was responsible for managing multiple portfolios, including award-winning funds and institutional separate accounts. Notably, he oversaw the Prime Cash Obligations Fund valued at $103.5 billion and the Institutional Prime Obligations Fund at $16.5 billion. His deep understanding of the market positions him well to handle the portfolio management and research responsibilities that come with leading the Prime Liquidity Group.

John Fisher, the president and CEO of Federated Advisory Companies, emphasized Weiss's valuable contributions and expertise in his previous roles. He remarked, "Mark brings a wealth of trading and analytical knowledge to the table, making him a boon for our liquidity team and clients alike." Weiss is also recognized for mentoring junior analysts and significantly contributing to the firm’s overall market strategies.

A Legacy of Excellence

Paige Wilhelm has been an integral part of Federated Hermes since 1985, playing a critical role in expanding the Prime Liquidity Group into one of the firm's most notable sectors. As a trailblazer in money market management, Wilhelm’s leadership has transformed what began as a small segment into a considerable cash-management business for clients. Under her stewardship, the assets in the Prime Liquidity Group have grown to an impressive $242.7 billion as of the end of 2025.

Fisher praised Wilhelm for her long-standing dedication and influence within the firm, stating, "Her efforts have established the foundation for our reputation in diligent credit analysis and team collaboration. We wish her all the best as she embraces her well-deserved retirement."

The Future of Federated Hermes' Prime Liquidity Group

As of December 31, 2025, Federated Hermes manages an astonishing $682.6 billion in money market assets. The investment team comprises 34 seasoned professionals, each with an average of 22 years of industry experience. This deep reservoir of knowledge provides the team, including Weiss, with the tools required to navigate the increasingly complex landscape of money market investments and client needs.

Federated Hermes prides itself on delivering comprehensive investment strategies that encompass equity, fixed-income, alternative/private markets, multi-asset solutions, and expert liquidity management tailored for a diverse clientele, including corporations, governments, and various institutions worldwide.

The promotion of Weiss signifies not just a change in leadership but also an ongoing commitment to innovation and strong management within Federated Hermes. As the firm prepares for the future, it will undoubtedly leverage Weiss's expertise to continue enhancing its offerings in money market investment strategies.

In a world where financial landscapes constantly evolve, the steadfast leadership of professionals like Mark Weiss reassures Federated Hermes’ clients of their enduring commitment to success and excellence in investment management.