Steve Chiavarone Named Chief Investment Officer of Federated Hermes Global Equities Division

Federated Hermes Appoints Steve Chiavarone as Chief Investment Officer for Global Equities

Federated Hermes, Inc., a prominent player in active investing, has made a significant announcement: Steve Chiavarone, CFA, will take over as the Chief Investment Officer (CIO) for Global Equities, effective September 1, 2026. This move follows the retirement of Steve Auth, who served as CIO for an impressive 24 years, outlining a crucial transitional phase for the organization.

Chiavarone, who has been with Federated Hermes for 19 of his 21 years in investment, currently holds the position of Deputy CIO for Global Equities. His in-depth understanding of the firm’s investment landscape makes him a suitable candidate to lead the Global Equities platform. In his new role, Chiavarone will oversee investment processes, portfolio performance, and the overall enhancement of investment teams working under the Global Equities umbrella. Furthermore, he will communicate Federated Hermes' macro-investment stance to clients and various stakeholders.

With 21 years in the investment sector, Chiavarone's experience is notably extensive. Alongside his role as Deputy CIO since August 2025, he currently heads the Multi-Asset Group and serves as Senior Equity Strategist, where his responsibilities include portfolio management and research across global asset allocation strategies. As Chiavarone transitions to his new role, a successor for his current position will be appointed at a later date, maintaining a smooth operational flow within the organization.

John Fisher, the Chairman of Federated Advisory Companies, emphasized Chiavarone's significant experience and understanding of equity and multi-asset capabilities, stating, "His appointment underscores our established succession plan and the strength of our internal talent. We remain committed to investment discipline and long-term outperformance for our clients."

Under Steve Auth’s leadership, the Global Equities structure saw remarkable enhancements, including the creation of centers of excellence across various strategies and regions, improved proprietary research, and robust portfolio risk management. This not only bolstered the firm’s equities franchise but also resulted in managing $100.8 billion in client assets as of March 31, 2026.

As Chiavarone steps into this vital role, he is expected to sustain the investment principles and collaborative culture that Federated Hermes has cultivated over the years. The continued success of the Global Equities group will depend on adherence to these established practices while pushing for innovation and growth in a rapidly evolving market.

Federated Hermes’ Global Equities division is responsible for managing client assets across an array of strategies, including equity, alternative, and multi-asset approaches. These offerings are made available through mutual funds, exchange-traded funds (ETFs), collective investment funds (CITs), institutional separate accounts (SMA), and UCITS funds. The global equity investment team consists of 156 professionals, all averaging 19 years in investment experience, with 12 years spent within the Federated Hermes infrastructure.

About Federated Hermes:

Federated Hermes, Inc. trades under the NYSE ticker FHI and stands as a global leader in responsible asset management, overseeing $907.1 billion in assets as of March 31, 2026. The firm provides investment solutions catering to a broad spectrum of outcomes, including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies for more than 11,000 institutional clients and intermediaries worldwide. Headquartered in Pittsburgh, with additional offices in London, New York, and Boston, Federated Hermes is poised to continue its mission of delivering sound investment management and innovative solutions.

As we approach this transition, it will be intriguing to see how Steve Chiavarone's leadership influences Federated Hermes’ Global Equities division while adhering to the firm’s long-standing commitment to its clients.