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Federated Investors, Inc. Hires Chief Executive Officer For New Asia Pacific Subsidiary To Be Based In Australia

PITTSBURGH, Aug. 20, 2012 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), one of the largest investment managers in the United States, today announced the hiring of Craig Bingham to lead the firm's new Asia Pacific subsidiary.  Bingham will be based in Melbourne, Australia, and will report to Gordon J. Ceresino, vice chairman of Federated and executive director for international distribution.

Bingham will manage Federated's efforts to expand globally through the development of an Australia-based investment management hub that also will serve as a gateway for the firm's new business venture in Asia.  The Melbourne office will focus on regional distribution of existing Federated strategies as well as the development of new products for Australia.  In addition, Bingham will lead efforts to identify opportunities throughout Asia, primarily in Japan, Taiwan, Singapore and Hong Kong, as well as the Middle East.

Bingham has more than 20 years of financial services experience.  Most recently, he served as chief executive officer for Aviva Investors' Australia and Asia Pacific regions, where he was responsible for developing fully licensed asset-management strategies, expanding Aviva's Australian presence and opening distribution offices in Japan, Taiwan and the Middle East.

"In his previous roles, Craig demonstrated success in investment management, expanding reach and growing business," said Ceresino.  "He is an experienced leader who has the keen ability to recruit, hire and retain managers and investment professionals who share Federated's vision and philosophies for achieving long-term business growth while adding value for shareholders."

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