MSCI, formerly Morgan Stanley Capital International, manages
more than 145,000 daily equity, fixed income, and hedge fund
indices for use by large asset management firms. MSCI is organized
through two business segments. Its Performance and Risk business
provides equity indices, portfolio risk and performance analytics,
credit analytics, and environmental, social and governance (ESG)
products under brands such as MSCI, RiskMetrics, and Barra. Its
Governance business provides corporate governance and specialized
financial research and analysis. MSCI has about 7,500 clients
across more than 80 countries.
The company's indices act as benchmarks that measure the
performance of global funds. Institutional investors use the
indices as research tools and as the basis for their various
investment vehicles. MSCI's Performance and Risk segment is by far
its largest, accounting for 87% of the company's revenue in 2012,
while the company's Governance segment brought in the remaining
13%. MSCI makes the majority of its revenues (more than 75%) from
annual recurring subscriptions to its products.
Nearly half of the company's revenues come from outside the
Americas. MSCI has more than 38 offices in 22 countries worldwide,
including headquarters in New York and offices in San Francisco,
Chicago, and São Paulo, Brazil. As part of its global expansion
efforts, in the last few years MSCI has opened international
offices in Budapest, Dubai, Monterrey, Mumbai, and Shanghai.
The company has consistently achieved revenue growth and
positive earnings by continually expanding its relationships with
investment institutions and regularly developing and enhancing its
products. It has also made key acquisitions in order to complement
or expand its client base and offerings.