MSCI Inc.

MSCI Inc. (NYSE: MSCI) operates as a leading provider of research-based data, analytics, and indexes that serve the global investment community. The company's website is www.msci.com. MSCI helps investors worldwide understand risks and opportunities, make better investment decisions, and unlock innovation through its comprehensive suite of tools and solutions spanning the entire investment process.

The company serves approximately 6,800 clients across more than 100 countries, including asset managers, banks and brokerages, asset owners, hedge fund managers, wealth managers, insurance companies, and other financial institutions. MSCI's largest client, BlackRock, accounted for 10.8% of consolidated operating revenues, with the majority derived from fees based on assets in BlackRock's index-based products.

MSCI operates through five segments organized into three reportable divisions. The Index segment, representing 57.0% of revenues, provides market cap indexes, factor indexes, fixed income indexes, private asset indexes, sustainability and climate indexes, thematic indexes, and custom indexes across multiple asset classes and geographies. The Analytics segment comprises 22.8% of revenues and offers risk management, performance attribution, and portfolio management tools including RiskMetrics RiskManager, BarraOne, and Barra PortfolioManager. The Sustainability and Climate segment accounts for 11.3% of revenues and delivers ESG ratings, climate solutions, screening research, and regulatory reporting tools. The All Other – Private Assets segment represents 8.9% of revenues and provides data and analytics for private equity, private credit, real estate, infrastructure, and other private markets.

The company employs 6,268 people across more than 27 countries, with significant operations in Asia Pacific (51%), Europe, Middle East and Africa (24%), the United States and Canada (16%), and Mexico and Brazil (9%). MSCI's financial model is characterized by recurring revenue streams from fixed and variable fee arrangements, providing stable cash flow and predictability. The company maintains proprietary intellectual property including registered trademarks such as MSCI, Barra, and RiskMetrics, and leverages advanced technology including artificial intelligence to enhance product development and data processing capabilities.