FHI - Federated Hermes Inc. (FHI) Q2 2024 Earnings Call Transcript
2024-07-26 12:29:14 ET
Federated Hermes, Inc. (FHI)
Q2 2024 Earnings Conference Call
July 26, 2024, 09:00 AM ET
Company Participants
Richard Donahue - VP, Financial Planning and Analysis
Chris Donahue - President and CEO
Tom Donahue - VP, CFO and Treasurer
Debbie Cunningham - Chief Investment Officer
Saker Nusseibeh - CEO of Federated Hermes Limited
Conference Call Participants
Patrick Davitt - Autonomous Research
Adam Beatty - UBS
Dan Fannon - Jefferies
Ken Worthington - JPMorgan
Bill Katz - TD Cowen
Brian Bedell - Deutsche Bank
John Dunn - Evercore ISI
Presentation
Operator
Greetings and welcome to the Federated Hermes Incorporated Second Quarter 2024 Analyst Call and webcast. At this time all participants are on a listen-only mode and a question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.
I will now turn the conference over to your host, Mr. Richard Donahue, Vice President Financial Planning and Analysis. Sir, you may begin.
Richard Donahue
Thank you. Good morning. Leading today's call will be Chris Donahue, CEO and President, and Tom Donahue, Chief Financial Officer. Joining us for Q&A are Debbie Cunningham, Chief Investment Officer at Money Markets, and Saker Nusseibeh, CEO of Federated Hermes Limited. Ray Hanley is attending a family funeral and will not be with us today.
During today's call we may make forward-looking statements and we want to note that Federated Hermes actual results may be materially different than the results implied by such statements. We invite you to review the risk disclosures in our SEC filing. No insurance can be given as to future results and Federated Hermes assumes no duty to update any of these forward-looking statements.
Chris?
Chris Donahue
Thank you, Richard, and good morning all. I will review Federated Hermes' business performance and Tom will comment on our financial results. We ended the second quarter with record assets under management of $783 billion, driven by record Money Market assets of $587 billion....
Federated Hermes, Inc. (FHI) Q2 2024 Earnings Call Transcript