Royal Fund Management (RFM) is keenly aware of the 2019-novel Coronavirus, which has been declared a “public health emergency of international concern” by the World Health Organization and is quickly spreading across the globe. At present, there has been no adverse impact to RFM as a result of the Coronavirus.
As part of enterprise as well as day-to-day risk management at RFM, we proactively maintain a formal Business Continuity Plan that addresses, among other critical components: identifying key personnel and their roles with respect to services and operations; establishing a primary point of contact for each client and business relationship; ensuring the adequacy of resources (both internal and external) and the cross-training of staff in key service areas; having the ability for essential personnel to work remotely, even for a prolonged period; employing an emergency notification system to quickly and easily dispatch communications and alerts to staff; and confirming that our key service providers have reasonable risk mitigation measures and strategies in place to ensure their continued services if impacted by a significant business disruptive event.
RFM has conducted an internal meeting concerning the potential adverse impact of Coronavirus on our business and affirms that we anticipate having the ability to maintain existing service levels and general operations if confronted with the virus. We take seriously the health and well-being of our employees and will continue to keep staff apprised of our efforts related to this matter, including sharing recommended health and safety best practices and other valuable information published by trusted sources.
We will continue to monitor the status and progress of this outbreak, including any impact to our business, and will provide updates to our clients and business constituents as appropriate.
Please see below for additional information released by the Center for Disease Control (CDC).