Federated Hermes has appointed Mark Russell to the newly created role of head of fund management (real estate).
Russell, who has more than 25 years’ of industry experience, joins Federated Hermes from Orchard Street IM where he was a partner. Prior to that, he was a senior fund manager at Legal & General Investment Management.
In his new role, he will report in to head of real estate Chris Taylor and will be responsible for driving the strategy and performance delivery of the real estate business and its investments within the Federated Hermes private markets platform.
Russell said: “I am excited to be joining the industry-leading real estate team at Federated Hermes as it seeks to build upon an enviable track record gained over four decades and through multiple market cycles. The business was a pioneer in what has come to be known as responsible investment, and an ongoing commitment to responsibility runs deep. This chimes loudly with my own priorities and will be critical in supporting the delivery of long-term sustainable outcomes for investors whilst simultaneously facilitating direct and positive influence on societal and environmental challenges.”
Taylor added: “I am delighted Mark will be joining the team at Federated Hermes; his extensive experience complements the capabilities of our existing established team, and will enhance the ongoing delivery of our client focussed strategy. Mark is closely aligned with our team’s commitment to delivering future-focused real estate solutions to meet the need of clients, in current and future market conditions. We look forward to working with Mark as we continue to deliver resilient, relevant and high-quality real estate investments for our institutional clients.”
