NEW YORK, March 22, 2018 /PRNewswire/ -- Visible
Alpha, an investment research technology firm founded by some of
the world's leading investment banks, today announced HSBC (LON:
HSBA; NYSE: HSBC; HK:0005) is investing in the firm, following a
new investment round announced in early 2018. Visible Alpha raised
$38 million in January with
participation from new investors Goldman Sachs, Banco Santander,
Exane BNP Paribas, Macquarie Group, Royal Bank of Canada and Wells Fargo, as well as additional
investment from Visible Alpha's founding investors, Bank of
America, Citi, Jefferies, Morgan Stanley and UBS.
Visible Alpha is using the investment proceeds to continue to
drive its explosive growth and leadership position in delivering
transparent, efficient and alpha generating investment research
solutions to its clients and helping them meet the research
valuation and budgeting requirements of MiFID II. More than 450
research providers are now actively participating on the platform,
along with over 100 buy-side firms with a combined AUM of
$16 trillion. In addition to
investing in Visible Alpha, HSBC will be adding its research
analyst models to the Visible Alpha Insights platform and
contributing to Visible Alpha Consensus Data.
With the formation of an Advisory Board, Visible Alpha will seek
guidance from the global financial institutions that have invested
in the company to ensure product development is focused on the
specific needs and regulatory requirements of its clients.
David May, Global Head of Research
at HSBC and Advisory Board member commented, "Visible Alpha has
rapidly become a leader in helping both the buy side and the sell
side overcome the myriad of challenges involved in creating and
disseminating investment research. We look forward to working with
them to provide a valuable service to our clients."
"We are pleased that HSBC embraces our vision for the future of
institutional research and appreciates the ability of our platform
to enhance the gathering of insights from their analysts'
underlying company forecasts and assumptions," said Scott Rosen, CEO of Visible Alpha. "We are
committed to improving the value of communication between all
market participants and helping investors find unique insights into
the future performance of companies."
About Visible Alpha
Visible Alpha is transforming the way Wall Street firms
collaborate on research, financial models and corporate access
events by providing breakthrough tools for discovery, analysis and
valuation. With more than 400 employees globally, the rapidly
growing company combines advanced data technology, a secure
distribution network and sophisticated analytical tools to drive
efficiencies and transparency into the research process while also
enabling firms to generate alpha in new and differentiated ways.
Visible Alpha is backed by the world's leading investment banks.
For more information on Visible Alpha, please visit
https://www.visiblealpha.com.
Media Contacts
Eric Soderberg
Forefront Communications for Visible Alpha
914-414-2884
eric@forefrontcomms.com
Lisa Baitup
HSBC Media Relations
+44 20 79910624
lisa.baitup@hsbcib.com
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SOURCE Visible Alpha