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Federated Hermes announces two fixed-income promotions, naming next fixed-income chief investment officer and head of Municipal Bond Group
Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that R.J. Gallo, CFA, senior vice president and deputy chief investment officer (CIO) for global fixed income and co-head of the Municipal Bond Group, will become CIO for global fixed income, succeeding Robert Ostrowski, CFA, executive vice president and current CIO for global fixed income. Additionally, Ann Ferentino, CFA, senior portfolio manager and co-head of Federated Hermes' Municipal Bond Group, will
About this update from Federated Hermes, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Current Deputy CIO R.J. Gallo to succeed CIO Robert Ostrowski, who will retire in May","length":90,"tagName":"p"}]},{"val":[{"type":"text","content":"Municipal Bond Group Co-head Ann Ferentino to become sole head of group","length":76,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":166,"olType":false},{"type":"text","content":"PITTSBURGH, Jan. 8, 2026 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that R.J. Gallo, CFA, senior vice president and deputy chief investment officer (CIO) for global fixed income and co-head of the Municipal Bond Group, will become CIO for global fixed income, succeeding Robert Ostrowski, CFA, executive vice president and current CIO for global fixed income. Additionally, Ann Ferentino, CFA, senior portfolio manager and co-head of Federated Hermes' Municipal Bond Group, will become the sole head of the group. The moves become effective with Ostrowski's May 1, 2026, retirement and are part of Federated Hermes' long-term succession plan.","length":716,"tagName":"p"},{"type":"text","content":"As CIO, Gallo will oversee all aspects of Federated Hermes' investment processes across fixed-income products globally, which represent $101.8 billion in assets as of Sept. 30, 2025, managed in multisector, low duration, high-yield, municipal, US government, US corporate bond, international, global and mortgage-backed strategies. He also will be responsible for developing investment teams, as well as overseeing portfolios and risk management. He will continue to articulate Federated Hermes' fixed-income positioning to stakeholders, particularly clients.","length":567,"tagName":"p"},{"type":"text","content":"Gallo also serves as senior portfolio manager and head of the duration committee, which is responsible for tactical portfolio duration positioning grounded in macroeconomic business cycle analysis and valuation indicators. In this capacity, he works alongside his peer committee chairs responsible for sector allocation, yield curve strategy, currency management and security selection—playing a central role in top-down and bottom-up client portfolio construction and performance attribution decisions.","length":503,"tagName":"p"},{"type":"text","content":"Gallo joined Federated Hermes i...