CRISIL Completes Acquisition of Greenwich Associates

CRISIL has completed the acquisition of a 100 percent stake in Greenwich Associates LLC, the firm recently revealed.

The transaction was announced on December 10, 2019.

Mumbai-headquartered CRISIL (formerly Credit Rating Information Services of India Limited) is a global analytical company providing ratings, research, and risk and policy advisory services. The firm's majority shareholder is Standard&Poor's, a division of McGraw Hill Financial and provider of financial market intelligence.

Greenwich is one of the leading consulting firms in the FX space. It provides proprietary benchmarking data, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term, and qualitative insights to financial services firms worldwide.

The company is based in Stamford, Connecticut, and serves over 300 clients across top investment banks, corporate banks, commercial banks, asset managers, and key players in the market infrastructure space globally.

Expanding to new segments

Ashu Suyash, Managing Director and CEO at CRISIL, said that the acquisition would complement CRISIL's existing portfolio of products and expand offerings to new segments across financial services, including commercial banks and asset and wealth managers.

The deal will accelerate CRISIL's strategy to be the leading player in the growing market of global benchmark analytics, according to the firm.

"Greenwich's deep expertise in 'Voice of Customer' surveys, proprietary data assets and capabilities to source and aggregate high value private performance data will provide a new layer of insight to CRISIL's existing offering under its Coalition division," Suyash added.

Greenwich's portfolio of products includes MarketView, Fee Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term, ACCESSTM, Focus, and Explorer.

Sources in the market say that the acquisition did not come as a surprise as Greenwich was one of the last few independent boutique advising firms globally.