Gary Horton has joined Federated Hermes in the new role of head of distribution for Australia and New Zealand. Mr Horton was formerly Janus Henderson’s head of institutional business in Australia and will be based in Sydney, supported by Ian Manton-Hall, managing director of IMH Squared, who has been representing the firm in Australia under a third-party arrangement since 2015.
Mr Horton’s appointment comes as Federated Hermes established a fully regulated corporate subsidiary in Australia in response to “increasing demand across the region for its full suite of investment and engagement capabilities”.
“Federated Hermes has established a detailed and phased growth plan for the Asia-Pacific region which seeks to target key markets where our existing presence and capabilities will enable us to be successful,” said Harriet Steel, head of business development for the Federated Hermes’ international business.
Alex Ng will also step into the role of head of wholesale distribution for Asia, based in Singapore. He joins from Aberdeen Standard Investments, where he was head of private bank distribution. Mark Coppel will join Mr Ng, with a focus on Federated Hermes’ global liquidity product offering. Prior to joining Federated Investors in 2017, he spent five years at JP Morgan Asset Management, most recently as global liquidity relationship manager.
All three new positions report to Jakob Nilsson, head of distribution for APAC.
“The appointment of Gary, Alex and Mark is built on the significant uplift we are seeing for our combined range of leading investment products and stewardship services,” Ms Steel said.
“Their collective skillsets and knowledge of the client landscape across Asia Pacific will be key to this next stage of growth for the company.”
