Federated will open the Melbourne office in the coming weeks and expects to have a sales and office support team in place by the end of 2012.Federated's global business operations date to 1991, when Federated established Federated International Management Limited, a wholly owned subsidiary in Dublin, Ireland, becoming the first U.S. company whose registered money market funds were approved for distribution to the European community. In 1998, Federated launched a venture with German insurer LVM-Versicherungen to offer Federated funds in Germany and other German-speaking countries. And in April of 2012, Federated completed its acquisition of Prime Rate Capital Management LLP, a United Kingdom-based provider of institutional liquidity and fixed income products.
Federated Investors, Inc. Hires Chief Executive Officer For New Asia Pacific Subsidiary To Be Based In Australia
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