Global index provider FTSE Group (FTSE), has completed the acquisition of Pensions Benchmark Corporation (PBC), a US-based quant business. FTSE will integrate PBC’s systems and database within its own operational framework to further expand its in-house research capabilities. PBC owner Tom Nadbielny joins FTSE as Quantitative Research Director, and will head the organisation’s three regional research teams, based in London, New York and Hong Kong.
The integration of PBC further enhances FTSE’s ability to support clients’ use of its indices, create new customised indices and provide a range of performance and risk analysis.
Mark Makepeace, Chief Executive, FTSE Group said, “Index users are seeking increasingly sophisticated indexing tools and associated data services. The acquisition of PBC and appointment of Tom Nadbielny strengthens our capability to meet that demand and ensure FTSE remains an innovative and market-leading index provider.”
Tom Nadbielny, Quantitative Research Director, FTSE Group, commented, “This is an exciting time to join FTSE, and to take its research function to the next level. Current market conditions mean that investors are seeking added value from index providers, and FTSE’s research teams are fully equipped to support the business as it continues to build market share globally.”
More information about FTSE and its range of products and services can be found at www.ftse.com
