Federated Hermes has further expanded its footprint across Europe by establishing a local office in Madrid, Spain. The opening of the new office reinforces the firm’s commitment to its European client base, building on its successful expansion within the region so far.Carlos Capela, Iberia Business Development Director, who joined the firm last year is based in Madrid. With a specific focus on Spain, Portugal and Andorra, Capela is responsible for driving an engagement plan with the company’s clients and prospects throughout the region.
Last year, Federated Hermes established its presence in Europe with office openings in Germany and Denmark. The firm also established an Irish domiciled management company, Hermes Fund Managers Ireland Limited (HFM Ireland), as part of its Brexit mitigation strategy, and broader plans for European expansion. The firm now has 16 employees based in these regions.
Federated Hermes, Inc’s headquarters are in Pittsburgh, and the international business in London, and the group also has offices in Singapore and New York.
Harriet Steel, Head of Business Development at the international business of Federated Hermes, says: “Interest in responsible investing and sustainable product solutions has continued to rise and as global leaders in this field, our presence on the ground in Spain allows us to extend our expertise to a wider range of clients. Together with our counterparts in the US, Federated Hermes offers pioneering stewardship services with over $1 trillion of assets under advice, alongside ESG-integrated investment capabilities across equities, fixed income and private markets. The opening of the Spanish office is a natural next step for the firm, given our strong institutional and wholesale client base in the region, and following the appointment of Carlos last year.”
