NEW YORK--(BUSINESS WIRE)--
MSCI Inc. (NYSE:MSCI), a leading provider of investment decision support
tools worldwide, including indices, portfolio risk and performance
analytics and corporate governance services, announced today that David
M. Obstler, Chief Financial Officer, is leaving the Company to pursue
other interests. The Board of Directors has appointed Robert Qutub to
serve as MSCI's new Chief Financial Officer. As part of an orderly
transition, this appointment will be effective immediately after the
filing of MSCI's Quarterly Report on Form 10-Q for the period ending
June 30, 2012. Mr. Obstler has agreed to continue as an employee of MSCI
until August 31, 2012.
"We are very excited to have Bob Qutub join MSCI. He will be a close
advisor to me and an important member of MSCI's senior leadership team
as we continue to expand globally and execute our growth strategy," said
Henry A. Fernandez, Chairman and Chief Executive Officer of MSCI. "We
are confident that his leadership, finance and accounting experience
will benefit MSCI and its employees and shareholders. I look forward to
a smooth transition ahead and developing a close and productive working
relationship with Bob," he added.
Mr. Qutub has been at Bank of America since 1994 and has served in
several senior finance positions with his most recent role as Chief
Financial Officer of Consumer and Business Banking. Over his career at
Bank of America, Mr. Qutub has been the Chief Financial Officer for
Global Banking and Markets, Global Sales and Trading, the Merrill Lynch
Transition, Global Wealth, Investment Management, Corporate
Infrastructure, and Technology. He also served on Bank of America's
Global Corporate Diversity and Inclusion Counsel as well as numerous
external advisory boards. Prior to Bank of America, he was a Manager in
the Financial Services Group for PriceWaterhouse LLP from 1988 to 1994.
He also served in the U.S. Marine Corps from 1981 to 1987. Bob earned a
Bachelor of Science degree in Accounting with summa cum laude honors
from the University of North Carolina - Charlotte. He is a member of the
American Institute of Certified Public Accountants.
Mr. Obstler joined MSCI in June 2010 as Chief Financial Officer
following the acquisition of RiskMetrics Group, Inc. ("RiskMetrics"),
where he had served as Chief Financial Officer since January 2005.
"David Obstler played a critical role in leading our successful
integration efforts following the acquisition of RiskMetrics in 2010, as
well as in other financing and corporate activities, including our
recent refinancing of $880 million of outstanding debt," commented Mr.
Fernandez. "David has made significant contributions to MSCI and
RiskMetrics over the past seven years and we thank him for his
dedication, commitment and leadership," he added.
About MSCI
MSCI Inc. is a leading provider of investment decision support tools to
investors globally, including asset managers, banks, hedge funds and
pension funds. MSCI products and services include indices, portfolio
risk and performance analytics, and governance tools.
The company's flagship product offerings are: the MSCI indices with
approximately USD 7 trillion estimated to be benchmarked to them on a
worldwide basis1; Barra multi-asset class factor models,
portfolio risk and performance analytics; RiskMetrics multi-asset class
market and credit risk analytics; MSCI ESG (environmental, social and
governance) Research screening, analysis and ratings; ISS governance
research and outsourced proxy voting and reporting services; and FEA
valuation models and risk management software for the energy and
commodities markets. MSCI is headquartered in New York, with research
and commercial offices around the world.
1As of June 30, 2011, based on eVestment, Lipper
and Bloomberg data.
For further information on MSCI, please visit our web site at www.msci.com
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements relate to future events or to future financial performance
and involve known and unknown risks, uncertainties and other factors
that may cause our actual results, levels of activity, performance, or
achievements to be materially different from any future results, levels
of activity, performance, or achievements expressed or implied by these
forward-looking statements. In some cases, you can identify
forward-looking statements by the use of words such as "may," "could,"
"expect," "intend," "plan," "seek," "anticipate," "believe," "estimate,"
"predict," "potential," or "continue", or the negative of these terms or
other comparable terminology. You should not place undue reliance on
forward-looking statements because they involve known and unknown risks,
uncertainties and other factors that are, in some cases, beyond our
control and that could materially affect actual results, levels of
activity, performance, or achievements.
Other factors that could materially affect actual results, levels of
activity, performance or achievements can be found in MSCI's Annual
Report on Form 10-K for the fiscal year ended December 31, 2011 and
filed with the Securities and Exchange Commission (SEC) on February 29,
2012, and in quarterly reports on Form 10-Q and current reports on Form
8-K filed with the SEC. If any of these risks or uncertainties
materialize, or if our underlying assumptions prove to be incorrect,
actual results may vary significantly from what we projected. Any
forward-looking statement in this release reflects our current views
with respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to our operations, results of
operations, growth strategy and liquidity. We assume no obligation to
publicly update or revise these forward-looking statements for any
reason, whether as a result of new information, future events, or
otherwise. MSCI#IR
MSCI, New York
Edings Thibault, + 1 212-804-5273
or
Media
Enquiries:
MHP Communications, London
Sally Todd | Jennifer
Spivey, + 44.20.3128.8100
or
Abernathy MacGregor, New York
Patrick
Clifford | Nick Connors, + 1 212-371-5999
Source: MSCI Inc.
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