Old Broad Street Research (OBSR) has acquired Crosby Forsyth's international fund research and ratings business.
The acquisition further increases the number of research staff at OBSR, as well as broadening the scope of its research expertise, says the firm. Meanwhile, Crosby will gain access to OBSR’s research database as part of the deal.
Richard Downs, managing director of OBSR, says: “The acquisition of the international funds research operation from Crosby Forsyth is a logical extension of our existing business and opens up new avenues for growth, providing OBSR with a research platform and access to intermediary markets outside of the UK.
“We have a long relationship with Forsyth, going back to our original joint venture in 2002, and this makes good strategic sense. We know the business well.”
Steve Fletcher of Crosby Asset Management says: “When we acquired the ratings business as part of the Forsyth takeover, we recognised that research and ratings, while a good operation, was not core to our central business strategy.
“We know OBSR well, and are confident that the move will ensure continuity of service for clients.”IFAonline
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