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Standard & Poor&#39s merges UK services

Standard & Poor&#39s is merging all its UK investment fund information services into a single unit.

S&P Micropal, S&P Fund Research and S&P Managed Funds Ratings will all come under the single remit of Standard & Poor&#39s Fund Services.

It will bring together around 300 employees located in 13 countries.

There has been speculation in the industry that S&P would merge Micropal and Fund Research since the US group bought Micropal in November 1997, six months after buying Fund Research.

Sanford Bragg will be managing director of the new unit and will report to Standard & Poor&#39s executive chief president Hendrik Kranenburg.

S&P Micropal managing director Mark Adorian and S&P Fund Research managing director Peter Jeffreys will report to Bragg.

Adorian will be responsible for sales, marketing and operations of the new unit and Jeffreys will oversee research activities.

Jeffreys says there are no immediate plans for either Micropal nor Fund Research to modify their analysis app- roaches but the two groups would be working much closer together.

Adorian says: “Historically, Fund Research were clients of Micropal, putting the qualitative overlay on the quantitative research, but now we will be one unit.”


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