MSCI Inc.Completes Acquisition of Fabric: Strengthening Wealth Technology Capabilities
New York-based MSCI Inc.(NYSE: MSCI), a prominent provider of essential decision support tools and services for the global investment community, has successfully finalized its acquisition of Fabric, a specialized wealth technology platform focused on portfolio design, customization, and analytics for wealth managers and advisors.The acquisition, which was first announced on December 20, 2023, marks a significant step for MSCI in enhancing its wealth technology capabilities.
Fabric’s expertise in portfolio design, customization, and analytics is expected to complement MSCI’s existing suite of products and services, further strengthening its position in the investment industry.With this acquisition, MSCI aims to provide wealth managers and advisors with powerful tools that enable them to deliver enhanced investment strategies and insights to their clients.
Jorge Mina, Head of Analytics at MSCI, expressed his satisfaction with the completion of the transaction, highlighting the strategic value it adds to the company.He said, The completion of this transaction is a decisive milestone for MSCI.We are excited to integrate Fabric’s wealth technology platform into our offerings, allowing us to provide even more comprehensive and tailored solutions to our clients.
MSCI’s reputation as a leading provider of investment decision support tools is well-established.The company primarily serves asset managers, investors, and financial professionals, offering a wide range of products and services such as indexes, analytics, and data.These offerings empower clients to effectively measure and manage various dimensions of risk and performance, enabling them to make informed investment decisions.
With 79.5 million shares outstanding, MSCI has a solid market presence and has witnessed consistent growth in its stock price.As of the latest update, the company’s shares are trading at $555.8.
The completion of the Fabric acquisition represents a significant move for MSCI in its pursuit of innovation and expansion in the rapidly evolving wealth management industry.By incorporating Fabric’s wealth technology platform, MSCI aims to provide unparalleled value to its clients, empowering them to navigate the complexities of investment management more efficiently and effectively.
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