Are you curious about whether Federated Hermes is related to Hermes? Well, you’ve come to the right place. In this article, we will dive into the history and background of both companies to answer this question.
What is Federated Hermes?
Federated Hermes is an investment management company that provides a wide range of financial services. The company was founded in 1955 and is headquartered in Pittsburgh, Pennsylvania. Federated Hermes has over $600 billion in assets under management and has operations in North America, Europe, Asia-Pacific, and the Middle East.
What is Hermes?
Hermes, on the other hand, is a luxury goods manufacturer based in Paris, France. The company specializes in high-end fashion accessories such as handbags, scarves, and jewelry. Hermes was founded back in 1837 by Thierry Hermès and has since become synonymous with luxury and quality.
So, are they related?
The short answer is no. Federated Hermes and Hermes are two completely different companies that operate in different industries. While their names may be similar, they have no relation to each other.
The Story Behind the Name
Despite their lack of relation, both companies have interesting stories behind their names. Federated Hermes was originally called Federated Investors when it was founded in 1955. However, the company changed its name to Federated Hermes in 2020 after acquiring a 60% stake in London-based asset manager Hermes Investment Management.
Hermes’ name comes from its founder Thierry Hermès who started the company as a harness workshop for horses. The company eventually expanded into leather goods and began producing some of its most iconic products such as the Birkin bag.
Conclusion
In conclusion, while both names may sound similar at first glance – Federated Hermes and Hermes are two completely different companies that operate in different industries. Federated Hermes is an investment management company while Hermes is a luxury goods manufacturer. It’s important to not confuse the two and to understand their unique histories and backgrounds.
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