First Eagle Coronavirus Response: Message to Our Clients and Partners
As of March 17, 2020
Given ongoing concerns about the outbreak of the novel coronavirus (COVID-19), we would like to assure you that First Eagle Investment Management is committed to the safety of our employees and the continuity of our critical business functions.
All departments at First Eagle have business continuity plans in place to enable critical business operations to proceed without interruption across a wide range of potentially disruptive scenarios. In response to the evolving circumstances around the COVID-19 outbreak, we have enacted the provisions within our plans that require all employees to work from home. At this time, our offices and our backup sites remain accessible to employees only in emergency circumstances.
Our professionals will continue to meet with clients, company managements and others in the conduct of business but will do so through alternatives such as audio or video conferencing rather than in person. Business travel by First Eagle employees to and from countries believed to represent a risk of COVID-19 transmission by the Centers for Disease Control and Prevention is temporarily suspended, as is all nonessential business travel.
In addition to the above steps taken by First Eagle, note also that we have assessed the business continuity plans of the third parties that provide us with essential services and are confident in their commitment and ability to manage any potential outbreak-related disruptions.
We will continue to monitor the COVID-19 situation, and we will make adjustments as necessary to protect the health of our employees and help stem the transmission of the virus while delivering uninterrupted service to our clients.