UBS chooses Markit to manage indices

Markit has announced it has landed the contract to manage a series of indices for UBS Investment Bank.
By None

Index provider Markit has confirmed it has been selected as the provider to administer and calculate UBS Investment Bank’s investible indices.

In announcing the deal, Markit’s co-head of Information, Adam Kansler, said he hoped that the deal would prove allow UBS an ‘efficient and transparent alternative to managing its indices in-house.

He explained: “With Markit’s deep expertise in providing complex and diverse indices and our robust systems and compliance framework to address existing and emerging benchmark regulatory requirements, we can provide UBS with an efficient and transparent alternative to in-house index management.

“This will allow the bank to more easily achieve regulatory best practices and concentrate on its core business of delivering financial products to its clients.”

Xavier de la Porte du Theil, head of Investment Strategies Structuring at UBS, added: “Markit’s governance and oversight structure, together with its deep index expertise, will help UBS satisfy regulatory best practices while also enhancing our ability to efficiently deliver leading index products to our clients.”

«