Money managers' business in London was not significantly interrupted today as a result of the multiple explosions in the city's public transportation system.
F&C Asset Management's office, just behind the city's Liverpool Street subway station, the site of the first blast, sustained no damage, said Jason Hollands, director-head of communications. F&C had accounted for all its London employees and there were no reported injuries to the firm's staff, he added. Business at F&C's London office returned to full operation by this afternoon, after an initial disruption earlier in the day when some employees had difficulty getting into the office.
Two employees of Mellon Financial Corp.'s London office traveling on the transportation system at the time of the blasts suffered injuries that were not life threatening, said Joe Ailinger, a spokesman for the Pittsburgh-based money manager. All other employees were safe, he said.
Barclays Global Investors spokesman Robert Jenkins said business at the firm was not disrupted by the explosions. Mr. Jenkins declined to comment on whether any BGI employees were injured in the blasts, but according to a statement issued by the firm, "no Barclays premises have been affected" and officials had "no confirmed reports of staff injuries."
Arlene Roberts, a State Street Global Advisors spokeswoman, said the events did not disrupt operations at the firm's London office, which was "in full operation" with "business as usual." Ms. Roberts said SSgA had accounted for all its London employees and none had suffered injuries because of the blasts.
Officials at UBS Global Asset Management's London office could not be reached for comment, but the firm issued a statement saying the firm plans "to carry out business activities in all our London buildings as usual on Friday." A statement issued by the firm earlier today said "all UBS staff in 100 Liverpool St. have been safely evacuated," and "as far as we are aware, there are no staff unaccounted for."
Tony Watson, CEO of Hermes Pensions Management, said none of the firm's employees were injured, nor did it sustain any damage to offices. Some Hermes employees were on board one of the trains on which a bomb exploded, but were on a different car and escaped uninjured, he said. Hermes Pensions returned to full operations later in the day and "will be up and functioning" as usual Friday without interruption, Mr. Watson said. He added the Hermes Pensions offices are "about 300 yards" from the site of one explosion.
Prudential's London-based employees all were safe and accounted for, said Theresa Miller, a spokeswoman.
The blasts did not affect business at Deutsche Asset Management's London office and the firm experienced no disruption, said Elaine Bartleet, a spokeswoman. Ms. Bartleet said she believed DeAM had accounted for all its London employees and she was not aware of any injuries.
The afternoon commute for employees was "very stressful" and a "huge distraction," said F&C's Mr. Hollands. A river taxi was running free of charge for the remainder of the day, but he noted police had asked people to remain inside until further notice. F&C's human resources department was sending employees hourly updates from the authorities, Mr. Hollands said.