The long-standing chief investment officer and head of private equity at Federated Hermes is handing over the reins to Brooks Harrington, previously deputy CIO and head of US investment.

Peter Gale, an industry stalwart who has held the top role for over 15 years, has retired from his executive responsibilities and has taken up the non-executive post as chair of Federated Hermes Private Equity, Financial News’s sister title Private Equity News can reveal.