{"id":808825,"date":"2025-02-04T16:27:46","date_gmt":"2025-02-04T21:27:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/federated-hermes-announces-changes-to-fixed-income-team-and-promotes-kathryn-glass-to-co-head-of-its-high-yield-fixed-income-group\/"},"modified":"2025-02-04T16:27:46","modified_gmt":"2025-02-04T21:27:46","slug":"federated-hermes-announces-changes-to-fixed-income-team-and-promotes-kathryn-glass-to-co-head-of-its-high-yield-fixed-income-group","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/federated-hermes-announces-changes-to-fixed-income-team-and-promotes-kathryn-glass-to-co-head-of-its-high-yield-fixed-income-group\/","title":{"rendered":"Federated Hermes announces changes to fixed-income team and promotes Kathryn Glass to co-head of its high-yield fixed-income group"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n PITTSBURGH<\/span>
\n <\/span>, Feb. 4, 2025<\/span><\/span> \/PRNewswire\/ — Federated Hermes, a global leader in active investing, today announced changes within the organization of its fixed-income group. The firm has named Kathryn (Katie) Glass<\/span>, CFA, an experienced long-term Federated Hermes portfolio manager, as co-head of the Domestic High Yield Group, alongside Mark Durbiano<\/span>, CFA, who has been with Federated Hermes for 42 years. In addition, the firm announced portfolio manager changes related to the May 1, 2025<\/span>, retirement of Jeff Kozemchak<\/span>, CFA, senior portfolio manager for municipal liquidity, ultrashort and short-intermediate strategies.<\/p>\n

In her new role as co-head of the high-yield group, Glass will draw upon her 27 years of investment experience as she takes on more administrative and investment oversight responsibilities for the team. She has been an integral member of the high-yield fixed-income team across a range of investment strategies and offerings spanning mutual funds, collective investment trusts, exchange-traded funds (ETFs), subadvised portfolios and institutional separate accounts. She joined Federated Hermes in 1999 and has been on Durbiano’s team in the domestic high-yield sector for 26 years.<\/p>\n

Working with Robert J. Ostrowski<\/span>, CFA, chief investment officer of the Global Fixed Income Group at Federated Hermes, Durbiano has built a deep and experienced high-yield fixed-income team and a collaborative investment process for Federated Hermes’ range of high-yield offerings. The 16-person team averages 20 years of industry experience and 17 years at Federated Hermes. The group manages approximately $13 billion<\/span> in US high-yield fixed income strategies, as part of the firm’s $98 billion<\/span> in fixed-income assets as of Dec. 31, 2024<\/span>.<\/p>\n

In the municipal fixed-income area, Jeff Kozemchak<\/span> will retire after 38 years with the firm. “We thank Jeff for his outstanding contributions to Federated Hermes over nearly four decades,” said Deborah Cunningham<\/span>, CFA, chief investment officer for Global Liquidity Markets. “During his tenure throughout multiple business cycles, Jeff was a key contributor in establishing Federated Hermes’ reputation for strong, risk-adjusted results in municipal strategies.”<\/p>\n

In anticipation of Kozemchak’s retirement, Federated Hermes will make the following portfolio manager changes:<\/p>\n