Business
Federated Hermes appoints Steve Chiavarone as Chief Investment Officer, Global Equities
Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that Steve Chiavarone, CFA, will become Chief Investment Officer (CIO) for Global Equities effective Sept. 1, 2026, following Steve Auth's decision to retire after 26 years with the firm, including 24 years as global equity CIO. Chiavarone currently serves as Deputy CIO for Global Equities.
About this update from Federated Hermes, Inc.
[{"type":"text","content":"PITTSBURGH, May 7, 2026 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that Steve Chiavarone, CFA, will become Chief Investment Officer (CIO) for Global Equities effective Sept. 1, 2026, following Steve Auth's decision to retire after 26 years with the firm, including 24 years as global equity CIO. Chiavarone currently serves as Deputy CIO for Global Equities.","length":429,"tagName":"p"},{"type":"text","content":"As CIO for Global Equities, Chiavarone will be responsible for supervising investment processes, overseeing portfolio performance and attribution across the firm's Global Equities platform and the continued development of the investment teams. He will also help oversee all aspects of the investment process across a diverse range of offerings and play a central role in articulating Federated Hermes' macro‑investment positioning to clients, intermediary customers and other stakeholders.","length":497,"tagName":"p"},{"type":"text","content":"Chiavarone brings 21 years of investment experience, including 19 years in Federated Hermes' Global Equities Group, and has served as Deputy CIO since August 2025. He is head of the firm's Multi‑Asset Group and Senior Equity Strategist, responsible for portfolio management and research across global asset allocation strategies, a role he will transition off ahead of becoming global equity CIO. A replacement will be announced in due course. He will remain a member of the Federated Hermes Macro Economic Policy and PRISM® Asset Allocation committees.","length":561,"tagName":"p"},{"type":"text","content":""Steve brings deep experience across our equity and multi‑asset capabilities and a strong understanding of our investment platform," said John Fisher, Chairman of Federated Advisory Companies, the Federated Hermes business unit that oversees the firm's investment management areas. "His appointment reflects successful execution of our long-established succession plan, the strength of our internal talent and our continued focus on investment discipline and seeking long‑term outperformance for our clients."","length":533,"tagName":"p"},{"type":"text","content":"Steve Auth's tenure as CIO was marked by the development of the firm's equities investment structure, including the es...