12 December 2017
visit www.avoka.com

Morgan Stanley buys risk firm Barra for $816.4m

06 April 2004  |  12799 views  |  0 Morgan Stanley buys risk firm Barra for $816.4m

Morgan Stanley has acquired Californian risk management technology vendor Barra for $41 per share in cash, or an aggregate consideration of approximately $816.4 million.

The bank will merge Barra with its Morgan Stanley Capital International (MSCI) division. The transaction is expected to close in 60 to 120 days.

Morgan Stanley says the merger will create a leading global provider of benchmark indices and risk management analytics.

Henry Fernandez, president and CEO of MSCI, comments: "The combination of MSCI's deep understanding of indices across asset classes and Barra's industry leading risk management analytics will provide a powerful platform for enhancing our clients' investment processes within and across asset classes."

Kamal Duggirala, CEO of Barra, adds: "Together, Barra and MSCI can accelerate research and development across asset classes."

Barra reported third quarter net income of $8.7 million on revenue of $38.2 million, both from continuing operations.

The firm employs approximately 500 people and claims more than 8500 paying clients.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Barra cautious as revenues shade upwards

Barra cautious as revenues shade upwards

21 January 2004  |  3451 views  |  0 comments
Barra ships buy-side credit risk tool

Barra ships buy-side credit risk tool

20 January 2004  |  3548 views  |  0 comments
Barra seeks new CEO as Kamal Duggirala steps down

Barra seeks new CEO as Kamal Duggirala steps down

21 November 2003  |  7840 views  |  0 comments
Barra upgrades Cosmos package

Barra upgrades Cosmos package

22 September 2003  |  3295 views  |  0 comments
JPMorgan and Morgan Stanley launch TRAC-X Europe swaps

JPMorgan and Morgan Stanley launch TRAC-X Europe swaps

12 June 2003  |  3463 views  |  0 comments
Reuters integrates Barra analytics into buy-side products

Reuters integrates Barra analytics into buy-side products

12 May 2003  |  6585 views  |  0 comments
Barra releases performance analysis system for daily attributions

Barra releases performance analysis system for daily attributions

22 April 2003  |  3955 views  |  0 comments
Barra to lay off nine percent of workforce

Barra to lay off nine percent of workforce

09 April 2003  |  3375 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.response.ncr.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18949 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11731 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8520 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7014 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6503 views comments | 19 tweets | 11 linkedin

Featured job

Find your next job