Steve Pulley, Thomson Reuters
New York, London, Singapore - Thomson Reuters has signed definitive agreements to acquire Clarient Global and Avox. Clarient is a Know Your Customer and client reference data platform owned and used by the Depository Trust & Clearing Corporation, Barclays, Credit Suisse, Goldman Sachs, J.P. Morgan, BNY Mellon, and State Street, among others. Avox is a supplier of legal entity data, hierarchies and identifiers on financial entities globally, owned by the DTCC.
"We are excited to sign these acquisitions, bringing with them significant continued commitment of a wide range of customers including the founder banks of Clarient," said Steve Pulley, Managing Director, Risk Managed Services, Thomson Reuters. "The selection of Thomson Reuters by the founder banks and DTCC as the firm to lead the next wave of development in this exciting space reflects the progress we have made in our legal entity and KYC managed service franchise over the past three years including the successful launch of the industry-first regional KYC service last year in Africa."
The acquisitions of Clarient and Avox are expected to close by the end of Q1 subject to customary closing conditions.