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Rating:G-20 and Federated Investors Don't Mix Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 14, 2009

G-20 and Federated Investors Don't Mix

Reported by Daniel Tovrov

As Barack Obama and leadership from twenty nations, along with thousands of press members, security personnel, protesters and general spectators, flock to Pittsburgh for next week's G-20 summit , the employees at Federated Investors will be heading in the opposite direction.

Headquartered across the street from the David L. Lawrence Convention Center, the main location of the global economic summit, Federated has decided to avoid the event. For the week of the summit, 800 of their 1400 total employees will report to other offices around Pittsburgh, working in reserved conference rooms, scattered Federated offices, and additional leased office space.

"Because of our proximity, the constraints of getting people in and out of work will be tremendous," said Megan McAndrew, spokesperson for Federated Investors.

The event has been classified as a National Special Security Event, with an estimated 4,000 police officers, consisting of Municipal Police, Pennsylvania State Police including SWAT, helicopter, mounted, undercover, bicycle and motorcycle officers, Baltimore and New York City Police, and the US Secret Service. And although they have no fear of violence or terrorist activity, Federated would still like to avoid the intense security measures that will make going to work in the morning that much harder.

Yet, even with the task of relocating hundreds of employees, Federated has managed to find a positive note in the ordeal.

"The G-20 gives us the ability to test our continuity plan in a non-stress situation," McAndrew told the MFWire

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