Moody’s acquires Amba Investment Services
View(s):US-based Moody’s Corporation announced this week that it has acquired Amba Investment Services, a provider of investment research and quantitative analytics for global financial institutions.
Amba will operate as part of Moody’s Analytics majority-owned subsidiary, Copal Partners.
Founded in 2003, Amba provides outsourced investment research and analytics to financial institutions, including asset managers, investment banks, broker-dealers, insurance and alternative investment firms. Amba operates service delivery centres in Costa Rica, India and Sri Lanka, as well as sales offices in major financial centres.
This is Moody’s second entry into Sri Lanka. ICRA Lanka Ltd, a credit rating agency, is a fully owned subsidiary of ICRA Ltd of India, an associate Company of Moody’s Investors service.
In a media statement, Moody’s said the acquisition will bolster the research and analytical capabilities offered by Moody’s Analytics through Copal, creating a leading outsourcing provider for the global financial sector, including nine of the ten largest global investment banks. Moody’s acquired a majority stake in Copal in 2011.
“Amba is highly regarded for its offerings to investment research firms and asset managers, and Copal is known for its strong services for corporate finance. Together, their scale, talent and resources offer global financial institutions a broader array of research and analytics,” said Mark Almeida, President of Moody’s Analytics.