MSCI Appoints Gary Retelny as President of ISS
New York -- September 15, 2011 -- MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, announced today that Gary Retelny, a member of MSCI's Executive Committee, has been appointed President of Institutional Shareholder Services Inc. (ISS), the leading provider of corporate governance solutions to the global financial community and a subsidiary of MSCI Inc.
In addition to his current responsibilities as Corporate Secretary of MSCI Inc., Mr Retelny will now assume overall leadership of ISS. In this new role one of his key objectives will be to work with the ISS product development team to expand the company’s current range of governance solutions. He will continue to report to Henry Fernandez, Chairman and CEO of MSCI Inc. Stephen Harvey, who currently heads up the ISS business, will report to Mr Retelny and will continue to play a key leadership role at ISS.
“This significant appointment recognizes the strong performance of ISS over the last year and our confidence in the future of the governance business,” said Mr Fernandez. “Gary’s entrepreneurial experience, business management skills and track record in strategy and business development, combined with his current responsibilities as MSCI’s Corporate Secretary make him the right choice for this new role.”
Mr Retelny joined MSCI in 2003 and has held various leadership positions within the firm including most recently Chief Administrative Officer, responsible for Strategy, Business Development, Legal, Internal Audit and Human Resources. His diverse leadership skills have been critical to the establishment and development of MSCI as a stand-alone public company, including the implementation of the company’s corporate governance practices.
Founded in 1985, ISS is the world's leading provider of proxy advisory and corporate governance solutions to financial market participants. ISS' services include objective proxy research and analysis, end-to-end proxy voting and distribution solutions, turnkey securities class-action claims management, and reliable governance data and modeling tools. More than 1,700 clients rely on ISS' expertise to help them make informed corporate governance decisions.
MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indices, portfolio risk and performance analytics, and governance tools.
The company’s flagship product offerings are: the MSCI indices which include over 148,000 daily indices covering more than 70 countries; Barra portfolio risk and performance analytics covering global equity and fixed income markets; RiskMetrics market and credit risk analytics; ISS governance research and outsourced proxy voting and reporting services; FEA valuation models and risk management software for the energy and commodities markets; and CFRA forensic accounting risk research, legal/regulatory risk assessment, and due-diligence. MSCI is headquartered in New York, with research and commercial offices around the world.
For further information on MSCI, please visit www.msci.com
For further information on ISS, please visit www.issgovernance.com
|Jo Morgan, MSCI, London||44.20.7618.2224|
|Cheryl Gustitus, ISS, Rockville, MD||1.301.556.0395|
|Sally Todd Jennifer Spivey, MHP Communications, London||44.20.3128.8100|
|Kenny Juarez | Victor Morales,
Abernathy MacGregor, New York
MSCI Global Client Service:
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