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OBSR acquires Crosby Forsyth ratings service

Old Broad Street Research has completed the acquisition of the international research and ratings business of Crosby Forsyth.

OBSR was previously in partnership with Forsyth until earlier this year when financial difficulties culminated in its purchase by Crosby.

The deal is expected to bolster the numbers and research capabilities of OBSR while Crosby will gain access to research firm’s database.

OBSR managing director Richard Downs says: “The acquisition of the funds research operation from Crosby Forsyth is a logical extension of our existing business and opens up new avenues for growth, providing OBSR with a research platform and access to intermediary markets outside of the UK.

“We have a long relationship with Forsyth, going back to our original joint venture in 2002, and this makes good strategic sense.”

Crosby’s chief operating officer Steve Fletcher said: “When we acquired the ratings business as part of the Forsyth takeover, we recognised that research and ratings, while a good operation, was not core to our central business strategy. We know OBSR well, and are confident that the move will ensure continuity of service for clients.”

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