MSCI Inc. Announces Appointment of New Chief Financial Officer
30 Maio 2012 - 6:00PM
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
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