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First Eagle Investment Management Opens London Office

LONDON–(BUSINESS WIRE)–First Eagle Investment Management, LLC, is pleased to announce the
opening of a London office, which will serve institutional clients and
their consultants in Europe, the Middle East and Africa (EMEA).

“We believe our clients in the EMEA region can best be served from an
office that’s close to them in geography and time zone,” said Mehdi
Mahmud, President and Chief Executive Officer of First Eagle Investment
Management, LLC. “London is a natural location for the office because of
its established position as a centre of excellence in global financial
services and its depth of resident talent in the investment management

The new office is centrally located in the City at 125 Old Broad Street,
Suite 720, London, EC2N 1AR, United Kingdom. Business at the office will
be conducted through a new UK-based subsidiary, First Eagle Investment
Management, Ltd, which will apply for authorisation from the UK
Financial Conduct Authority.

David Townsend to Lead Institutional Efforts in EMEA Region

David Townsend, who recently joined First Eagle as Head of EMEA
Institutional, will manage the London office and all aspects of the
firm’s institutional business in the region.

Douglas Meyer, Head of First Eagle’s Institutional Distribution, said,
“We’re delighted to have David on board to strengthen our presence
overseas. His extensive experience with institutional investors and
consultants in the EMEA region makes him the right person for this
important role.” Meyer added, “We also believe that this is the right
time for David to join us. Institutions in this region are showing a
growing appetite for solutions like ours that combine the potential for
strong returns with downside protection over full market cycles.”

Before joining First Eagle, Townsend managed Martin Currie Investment
Management’s EMEA business and the firm’s relationships with global
consultants. Prior to that, he was Head of UK Institutional Sales at AXA
Investment Management and Director of Sales at Scottish Life
International Investment Group. Townsend began his career at Fidelity
Investments International. He holds a BA in Modern European Studies from
Trent Polytechnic and an MA in Near and Middle East Area Studies from
the School of Oriental and African Studies at University of London.

About First Eagle Investment Management

First Eagle Investment Management, LLC, is an independent investment
management firm headquartered in New York with approximately US$110
billion in assets under management (as of 30/06/2017). Dedicated to
providing prudent stewardship of client assets, the firm focuses on
active, fundamental and benchmark-agnostic investing, with a strong
emphasis on downside protection. Over a long history dating back to
1864, First Eagle has helped its clients avoid permanent impairment of
capital and earn attractive returns through widely varied economic
cycles—a tradition that is central to its mission today. The firm’s
investment capabilities include equity, fixed income and multi-asset
strategies. For more information, please visit www.feim.com.

Private equity funds owned by The Blackstone Capital Partners and
Corsair Capital own a majority stake in First Eagle Investment

This press release relates to First Eagle Investment Management, Ltd
(“FEIM UK”), which will apply to the UK Financial Conduct Authority
(“FCA”) for authorisation, but no such authorisation has yet been
granted. Until such time as authorisation is granted by the FCA, FEIM UK
cannot undertake or offer to undertake regulated investment business or
agree to carry on regulated investment business.

This press release is directed only at persons reasonably believed to be
of a kind to whom an unauthorised person is permitted to communicate
financial promotions pursuant to the Financial Services and Markets Act
2000 (Financial Promotion) Order 2005, as amended (the “FPO”), to give
preliminary information about FEIM UK. Such persons may include: (a)
persons outside the United Kingdom, (b) persons having professional
experience in matters relating to investments and (c) high net worth
bodies corporate, partnerships, unincorporated associations and trusts
within Article 49 of the FPO. This press release is directed only at
such persons, and persons of any other description may not act or rely
on it.

First Eagle Investment Management, Ltd is a limited company incorporated
in England and Wales (number 10464101), with its registered address at
27 Old Gloucester Street, London, WC1N 3AX, United Kingdom.

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