Completion of Acquisition

RNS Number : 4728P

London Stock Exchange Group PLC

31 August 2017

 

For Immediate Release

31 August 2017

LONDON STOCK EXCHANGE GROUP PLC

COMPLETION OF ACQUISITION OF THE YIELD BOOK AND CITI FIXED INCOME INDICES FROM CITI

London Stock Exchange Group ("LSEG") is pleased to announce that, following satisfaction of the closing conditions, LSEG has today completed the acquisition of The Yield Book and Citi Fixed Income Indices from Citigroup Inc.

Commenting on the completion of the acquisition, Mark Makepeace, Group Director of Information Services and CEO of FTSE Russell:

"We are delighted to announce the completion of the acquisition of The Yield Book and Citi Fixed Income Indices. The acquisition represents a significant step for FTSE Russell to acquire a world-class fixed income analytics and index business, enhancing our ability to provide customers with broader multi-asset capabilities and a deeper data and analytics offering. I very much look forward to working together with the team at The Yield Book and Citi Fixed Income Indices as we develop our businesses over the coming months".

Okan Pekin, Global Head of Investor Services and DCC at Citi:

"The partnership between Citi and The Yield Book, which has spanned over 30 years, will continue into the future. As part of the transaction, Citi will remain a long term partner, collaborating with LSEG on future development and support of certain models. Additionally, Citi will continue to be a significant customer of The Yield Book".

Enquiries

London Stock Exchange Group plc
Lucie Holloway / Ed Clark (Media)	[phone] [e-mail]
Paul Froud (Investors)	[phone]

 

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