John Donahue on compliance

About John Donahue

J. Christopher Donahue, President, Chief Executive Officer, and Chairman of Federated Hermes, has discussed his views on business relationships, regulatory matters, and market outlook in various public appearances. In a 2014 speech, Donahue emphasized the importance of prudence and fairness in business and family, stating that "the power to do doesn't necessarily mean the prudence to do" and that "the gut of a professional is worthwhile." He also described compliance as "a euphemism for trust" and said the business is "bounded by love on one bank and trust on the other." Donahue noted that Federated had "dramatically improved the ratio of salesmen to lawyers" and that the company does not have a written charitable giving policy, instead giving more money to individuals who "put their time, treasure, and talent into a deal." In earlier appearances, Donahue addressed regulatory and market topics. During a 2012 Senate hearing, he compared sponsor support for mutual funds to supporting a family, stating that "the idea that you support funds... they're making independent voluntary marketplace analysis and judgments about what to do with a product." He argued that such support shows "the inherent resiliency of the funds." In a 2012 Bloomberg interview, Donahue expressed optimism about the market, predicting an S&P 500 range of 1,450 and describing a "re-risking environment." He discussed new fund launches, including a floating rate strategic income fund and an unconstrained bond fund, and noted that Dodd-Frank regulations were not yet fully impacting asset managers, with "no regulations published yet."

Profile compiled from John Donahue's verified public interviews and appearances. See all quotes & transcripts →