riskmetrics-acquires-proxy-voting-service

RiskMetrics acquires proxy voting service

Risk management meets corporate governance for investors.
RiskMetrics Group, the New York-based provider of financial risk management services, has acquired Institutional Shareholder Services, which provides proxy voting and corporate-governance solutions to institutional investors.

ôThe idea is to put together leading examples of every kind of major service for investors,ö says Alvin Lee, managing director at RiskMetrics in Singapore. ôThe two businesses are different but the clients overlap. So what else can we do for themö

Ron Papanek, director of strategy at RiskMetrics in New York, says clients, including hedge funds, asset management companies and banks, require a growing range of services as areas such as risk management and corporate governance grow more complex.

He would not reveal other...
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