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Euromoney Ins.InvPLC (ERM)

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Wednesday 02 October, 2013

Euromoney Ins.InvPLC

Euromoney Acquisition

RNS Number : 4422P
Euromoney Institutional InvestorPLC
02 October 2013
 



EUROMONEY INSTITUTIONAL INVESTOR PLC

                             

RNS Announcement

October 2, 2013

Not for release before 07.00 hours

London time on October 2, 2013

 

Euromoney Institutional Investor PLC completes acquisition of HSBC's Quantitative Techniques operation  

 

Further to its announcement on April 4, 2013, Euromoney Institutional Investor PLC ("Euromoney"), the international online information and events group, confirms that it has completed the acquisition of HSBC's Quantitative Techniques ("QT") operation with effect from September 30.  QT is the benchmark and calculation agent business of HSBC Bank plc which creates and maintains more than 100 equity and bond indices for HSBC's Global Markets division and for over 60 external clients. The business has been rebranded Euromoney Indices.  As part of the completion terms, HSBC has agreed to purchase index calculation services from Euromoney Indices for a minimum period of three years.

 

Euromoney believes the acquisition creates an opportunity to build a new business providing independent index compilation services.  For more than 40 years Euromoney has built strong relationships with financial institutions which should help expand the customer base of Euromoney Indices and encourage other institutions to engage Euromoney to calculate the indices of their own investable index products.  Euromoney Indices also plans to use its index calculation expertise to develop new index families across other parts of the Euromoney group.

 

Ends

 

For further information, please contact:

 

Euromoney Institutional Investor PLC

Richard Ensor, Chairman:                                 +44 20 7779 8845; [email protected] 

Christopher Fordham, Managing Director:       +44 20 7779 8998; [email protected] 

Colin Jones, Finance Director:                          +44 20 7779 8666; [email protected]

 

FTI Consulting

Charles Palmer:                                                +44 20 7269 7180; [email protected]

 

 

NOTE TO EDITORS

Euromoney Institutional Investor PLC (www.euromoneyplc.com) is listed on the London Stock Exchange and is a member of the FTSE-250 share index. It is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. It publishes more than 70 titles in both print and on-line format including Euromoney, Institutional Investor and Metal Bulletin, and is a leading provider of electronic research and data under the BCA Research, Ned Davis Research and ISI Emerging Markets brands.  It also runs an extensive portfolio of conferences, seminars and training courses for financial markets.  The group's main offices are in London, New York, Montreal and Hong Kong and more than a third of its revenues are derived from emerging markets.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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