'A happy meeting of minds': Federated Hermes' Greenberg and Gala on changing roles at the helm of EM portfolio

Succession planning for a new era

Following news that Gary Greenberg will be stepping back from running the £3.9bn Hermes Global Emerging Markets and Global Emerging Markets SMID Equity funds and passing on lead portfolio manager duties to co-portfolio manager Kunjal Gala, Lauren Mason speaks to the duo about their experience working together and what the future holds for both of them.

Gary Greenberg first "got the bug" for emerging markets in Chicago in 1989, when his then-boss became "fascinated with China" at a time when international investing was "still a very new thing" and emerging market investing was "almost unknown". "We started looking at Chinese companies listed in Hong Kong. That's how I became so interested [in EM] - because the potential was just so enormous," he told Investment Week. "But in those days, it was just all potential. You could dream and of course, a lot of investing is based on building castles in the air. "But then we had the tremend...