Nov 09, 2020 / 04:20PM GMT
Michael Roger Carrier - BofA Merrill Lynch, Research Division - Director
Good morning, everyone, and welcome to the Bank of America Securities Future of Financials Virtual Conference. I'm Mike Carrier, the research analyst at BofA, covering the brokers, asset managers and exchanges. And I hope you're all doing well.
Our next company up is Federated Hermes. And with us today are Chris Donahue, President and CEO; and Ray Hanley, who heads up Investor Relations. Chris and Ray, thanks for being with us today.
John Christopher Donahue - Federated Hermes, Inc. - President, CEO & Chairman
Doing very well. (inaudible) We're doing it.
Questions and Answers:
Michael Roger Carrier - BofA Merrill Lynch, Research Division - DirectorThanks, Chris. I want to start out, just a bigger-picture question, since there's been more M&A in the sector of late, and you guys were early with Hermes. Just like stepping back on the Hermes transaction, what were some of the factors that drove Federated to first consider
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