
Federated Hermes, a New York-listed fund manager, is considering opening an office in Hong Kong as part of its expansion in family office and private wealth management across Asia-Pacific. The firm views Hong Kong as a key gateway to China and praises its regulatory environment. Federated Hermes, based in Pittsburgh with 2,100 employees, manages USD800.5bn in assets, including USD3.4bn in Asia ex-Japan equities. Its Asian headquarters is in Singapore, with additional offices in Australia and Japan. The company plans to leverage opportunities in China despite geopolitical tensions and sees Hong Kong and Singapore as complementary wealth hubs. Federated Hermes expects China’s economy to grow 4.5% this year, aligning with the World Bank’s forecast, while exploring opportunities in India and Vietnam.