CRISIL sets sights on Greenwich Associates 23 December 2019Mumbai Reporter: Maddie Saghir
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CRISIL, a global analytics company, is set to acquire the proprietary benchmarking data provider Greenwich Associates, based in Connecticut, by Q1 2020.
The acquisition will complement its existing portfolio of products and expand offerings to new segments across financial services including commercial banks, asset, wealth managers.
In addition, CRISIL suggested that the deal will help 鈥榓ccelerate鈥� its strategy to be the leading player in the growing market of global benchmarking analytics.
Greenwich鈥檚 CEO, Steven Busby, explained that Greenwich鈥檚 combined data and analytics will provide clients with high-value actionable insights they demand in today鈥檚 competitive business environment
Busby commented: 鈥淔or nearly five decades, Greenwich has pioneered voice of the customer benchmarks and analytics across the global financial services industry. We are delighted to become a part of CRISIL.鈥�
Meanwhile, CRISIL鈥檚 CEO and managing director, Ashu Suyash said: 鈥淲ith this acquisition, CRISIL will strengthen its position as the foremost global benchmarking analytics provider for financial services, where Coalition is a distinguished provider to corporate and investment banks worldwide.鈥�
鈥淲e are very excited about bringing the two trusted brands together, and Greenwich鈥檚 rich data sets will augment Coalition鈥檚 proprietary data, enabling unique analytics and insights,鈥� Suyash added.
The acquisition is subject to regulatory approval and other customary closing conditions.
Greenwich鈥檚 partners and their team of approximately 150 people globally will join CRISIL following the completion of the transaction.
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