Uggla Eyes Index Expansion for New IHS Markit
The merged vendor sees creating more index products based on its existing data assets as "low-hanging fruit."
Speaking during a conference call announcing the merger on Monday, March 21, Markit chairman and chief executive Lance Uggla said that leveraging assets from both vendors to create index products is one of the easiest things for the new vendor to get off the ground immediately, as Markit is already an active player in the index marketplace.
“Markit has nearly $100 billion of assets under management against its indexes built up over the last several years. Passive investment is increasing: in
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