Federated Investors, Inc. Hires Chief Executive Officer for Ne…

PITTSBURGH, Aug. 21, 2012 /PRNewswire-AsiaNet/ –

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."

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. (NYSE: FII) is one of the largest investment
managers in the United States, managing $355.9 billion in assets as of June 30,
2012. With 138 funds and a variety of separately managed account options,
Federated provides comprehensive investment management worldwide to
approximately 4,700 institutions and intermediaries including corporations,
government entities, insurance companies, foundations and endowments, banks and
broker/dealers. For more information, visit FederatedInvestors.com.

Certain statements in this press release, such as those related to the
establishment of an Australia-based subsidiary, constitute forward-looking
statements, which involve known and unknown risks, uncertainties and other
factors that may cause the actual results, levels of activity, performance or
achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by such
forward-looking statements. Other risks and uncertainties include the
possibility that Federated does not successfully establish the office opening
and/or staff it in a manner or timetable described above, as well as the risk
factors discussed in the company’s annual and quarterly reports as filed with
the Securities and Exchange Commission. As a result, no assurance can be given
as to future results, levels of activity, performance or achievements, and
neither the company nor any other person assumes responsibility for the
accuracy and completeness of such statements in the future.

CONTACT:
Media: Ed Costello
+1-412-288-7538

Meghan McAndrew
+1-412-288-8103

Analysts: Ray Hanley
+1-412-288-1920

SOURCE: Federated Investors, Inc.