Moody's Acquires Amba Investment Services
Moody's Corporation (NYSE: MCO) announced today 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.
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.
Founded in 2003, Amba provides outsourced investment research and
analytics to financial institutions, including asset managers,
investment banks, broker-dealers, insurance and alternative investment