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Federated Investors to change name to Federated Hermes

Federated Investors Inc. intends to change its name to Federated Hermes Inc. and to change its NYSE ticker symbol to FHI from FII.

The name change is expected to take effect Jan. 31. The company's class B common stock will begin trading on the NYSE under the FHI ticker symbol on Feb. 3.

The changes will come more than 18 months after the company's July 2018 acquisition of a majority interest in London-based Hermes Fund Managers Ltd., which operates as Hermes Investment Management Ltd., according to a news release.