Enters Into Agreement for Leading Political and Economic Advisory Firm
SAN FRANCISCO (Nov. 19, 2008) – Glass, Lewis & Co., LLC, a leading independent proxy advisory and investment research firm, today announced it has signed a definitive agreement to acquire Washington Analysis Corporation (“Washington Analysis”), a top-rated political and economic advisory firm based
in Washington, D.C.
Founded in 1973, Washington Analysis anticipates and analyzes the impact of political, legislative and regulatory developments on the financial markets. The firm’s senior analysts are renowned for their sector expertise – including defense, energy, financial services, healthcare, media and telecommunications – and indepth knowledge of geo-politics and political economics, including fiscal, monetary and trade policy.
“More than ever, investors are looking for unique insight into the risks within their portfolios,” said Katherine Rabin, chief executive officer of Glass Lewis. “The combination of Glass Lewis and Washington Analysis will enable institutions to have an unparalleled, comprehensive understanding of the risks at public companies – including business, governance, accounting, legal and political risks.”
Dr. Leslie Alperstein, who has led Washington Analysis since its inception, will continue to lead the research firm. Dr. Alperstein served as executive managing director and director of research at HSBC Securities Inc. and director of
investment research for NatWest Securities, Prudential Securities, Shields Model Roland and Legg Mason & Co. He is a member of the National Association of Business Economists, the National Economists Club and the Washington CFA
Society.
“We are very excited to be joining the Glass Lewis Group,” said Dr. Alperstein. “Together our firms can provide institutions worldwide with powerful investment and risk management tools at a historic time for the capital markets.”
The agreement to acquire Washington Analysis is with Xinhua Finance Limited of Shanghai and is subject to certain closing conditions. The transaction is expected to close by the end of the quarter, at which time Washington Analysis will become a wholly-owned subsidiary of Glass Lewis.
About Glass Lewis
Glass, Lewis & Co. is a leading investment research and global proxy advisory and voting services firm, serving institutions that collectively manage more than $17 trillion. Glass Lewis helps institutional investors make more informed investment and proxy voting decisions by identifying business, legal, governance and financial statement risk at more than 17,000 companies worldwide. Founded in 2003, Glass Lewis is headquartered in San Francisco with offices in New York, Paris, Tokyo and Sydney.
For more information on Glass Lewis & Co. contact:
Bayley Diamond, +1 415 738 4115, bdiamond@glasslewis.com
www.glasslewis.com.
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