He added, "During the second quarter we completed three key acquisitions-Realpoint, a Nationally Recognized Statistical Ratings Organization in the United States that specializes in structured finance; OBSR
, a premier fund research, ratings, and investment consulting services firm in the UK; and Aegis Equities Research, a leading provider of equity research in Australia.
In addition, OBSR analyses a wide range of financial products and tax wrappers, including individual and group pension products, UK onshore and offshore investment bonds, individual and business protection products, and savings products.
Our acquisition of OBSR strengthens our research capabilities in one of our key global markets by complementing our existing fund research team in London, and supports one of our growth strategies, which is to continue building our thought leadership in investment research.
Phillips continued, "The addition of OBSR will also help us expand our investment consulting presence in the United Kingdom, where we already provide asset allocation, manager selection, and portfolio construction services to institutions and intermediaries.