Moody’s has not released the financial details of its RiskFirst acquisition

Moody’s recent RiskFirst acquisition will expand its Buy-side product portfolio.

The companies announced the deal on July 25.

According to details of the acquisition, RiskFirst’s risk analytic offerings cater towards institutional investors such as asset managers, pension funds and endowments. As a result, Moody’s plans to integrate its services into its offerings.

For example, RiskFirst’s PFaroe risk management product, which services pension funds, will merge into Moody Analytics’ product line-up other Buy-side clients. As of today, PFaroe supports over 3,000 plans and more than $1.4 trillion in assets.

“RiskFirst sits at the heart of the buy-side and asset owner ecosystem and is known for its specialised experience and high-quality products,” said Mark Almeida, president of Moody’s Analytics.

This Acquisition Brings Robust Client Base

According to the press release, RiskFirst generated £16.5 million in revenue during 2018.

Its client base includes Natixis, Universities Superannuation Scheme Limited, Centrica, NationalGrid, RSA, Northern Trust, Manulife, and PNC.

RiskFirst originated in 2009 with an emphasis on bringing new technologies to the pension industry. Company CEO Matthew Seymour took over his role in 2016.

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