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Indxis names Alan Price sales director

18 October 2010  |  1780 views  |  0 Source: Indxis

Indxis, the leading independent provider of index technology and investment products, has appointed Alan Price as sales director.

Alan will be responsible for product and service development at Indxis, the indexing subsidiary of US-based Mergent, a provider of business and financial data on global publicly-listed companies.

Indxis works with investment companies to create and license investment products such as its Dividend Achievers funds which currently hold over $6 billion in assets under management and are offered by major investment firms including BlackRock, Invesco PowerShares and Vanguard. As the only independent index service provider, Indxis offers the most efficient route to market for quality structured products in any market, region, sector, asset class or currency.

In his role, Alan will drive development of the firm's index calculation and distribution platform which has been used by some of the world's leading indices for over 10 years. Its platform offers real-time, vendor and data neutral calculation and distribution in Europe's increasingly fragmented marketplace.

Alan has a proven track record in the financial services industry, having previously worked for SunGard Data Systems, Linedata Services and Portware. Alan will be based in Indxis' London office and will report to Jonathan Worrall, CEO of Mergent.

Jonathan Worrall, CEO, Mergent said: "Alan's proven success in business development, understanding of clients' needs and knowledge of the financial services industry is critical to the development of Indxis' offering to the European market. We are pleased to have him on board.

"The growth of index-based investment products in recent years has been considerable. At the same time, fragmentation across Europe has driven the demand for data and vendor-neutral index technology. As such, this is opportune time to build Indxis' offering and client base in Europe. "

Alan Price, sales director, Indxis said: "Indxis has unique capabilities in the provision of index services and technology. No other market participants currently compete with its comprehensive range of services and products, or the depth of its indexing expertise. It is uniquely placed in the industry as the only provider of index software that can be customised and used in-house.

"We look forward to expanding the client base and developing new relationships with specialist index providers and trading venues, and asset management companies looking to develop their structured products offering."

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