In response to the ongoing COVID-19 outbreak and in accordance with instructions from the City of Philadelphia, Cooke & Bieler has activated its Pandemic Response Plan and directed all employees to work remotely until further notice. We expect no disruption to our daily operations. Your telephone calls and emails will be directed automatically to our firm personnel and all staff are available as usual to answer questions. Our Investment Team and Traders have experience working remotely and are in close electronic contact as they navigate through this volatile period. Similarly, the firm expects no impact on its ability to settle and reconcile trades.
Cooke & Bieler invests heavily in its information infrastructure and has well developed and tested business continuity and disaster recovery plans in place to be ready for unexpected events. In addition, as a private partnership focused solely on investment management, the firm has ample financial flexibility to meet its commitments and we anticipate no reductions in staff as a result of these events. This advance planning allows us to maintain our focus on serving our clients and protecting the health and well-being of our employees during this unprecedented global crisis.