Markit Announces Changes to Equities Team

London - Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced changes to its equities division. Markit Equities provides dividend research and index management services to buy-side and sell-side institutions and derivatives exchanges.

The Markit Equities team is now led by Philippe Rivet, Director of Equity Products in charge of sales, business development and client services and Paul Hodge who takes responsibility for operations including dividend research and index management. Hodge joined Markit recently from the New Zealand Superannuation Fund. Both Rivet and Hodge report to Niall Cameron, Executive Vice President and Global Head of Equities and Indices.

Markit Equities comprise two fast-growing services: Markit Dividends, the de facto benchmark in independent dividend forecasts and Markit Index Management, a service which collates, validates and provides official data on any commercially available equity index or ETF in a single feed and format.

The new team aims to expand the Markit Dividends universe to cover additional indices such as the Russell 2000 index, a U.S. small-cap index. It also aims to extend its index management service to asset classes beyond equities in order to offer a single point of reference for official index composition data.

Niall Cameron, Executive Vice President and Global Head of Equities and Indices at Markit, said: “With the rise of dividend investing, the need for independent forecasts has never been greater. By combining Markit’s dividend expertise with an enhanced index management business, we are able to offer our clients a unique insight into the global equity markets. We also see the calculation and distribution of banks’ proprietary indices as an area where there is significant potential for growth.”

John Price, Managing Director and founder of Markit Equities (formerly DaDD) has taken on a senior origination role within the firm.

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For more information please contact:

Caroline Lumley
Vice President, Corporate Communications
Markit
Tel: +44 20 7260 2047
Email: caroline.lumley@markit.com

About Markit
Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.