FTSE Group Chooses Madrid For New Southern Europe Office

FTSE Group today officially opens its newest office, based in Madrid, dedicated to markets and investors in Spain, Italy and Portugal. The office, headed by Pito Nadal, is the fourth European office for the fast-growing index provider. Pito Nadal's role includes close liaison with local market users to ensure that FTSE products and services are in line with the needs of Southern European markets as well as the international investment community.

FTSE Group calculates over 20,000 indices daily and among those covering the Southern European region are Latibex, FTSE Eurotop, FTSE Global Sectors and the key FTSE index series, the FTSE All-World. As an independent and internationally recognised index company, FTSE is uniquely positioned to work with local markets and deliver world-class index products and services.

Mark Makepeace, Chief Executive, FTSE Group said "This is an important time for FTSE Group, as it continues to expand and establish a local presence in main markets around the world. As a market neutral index provider, FTSE creates and delivers indices the world's markets want to use. We look forward to working more closely with investors and other market users in Southern Europe."

Since its inception as a private company in 1995, FTSE Group has grown from a start-up business with 9 staff, into a major index provider employing 141 people in seven offices in Europe, US and Asia. It is renowned for its expertise in international indexing and today works with exchanges, investment banks, pension plans, analysts and other market users worldwide.