Deutsche Bank Global Securities Services today acquired InterSec Research. Terms were not disclosed.
InterSec will retain its brand name for the global performance measurement and consulting services, but will be integrated within Deutsches performance measurement unit. That unit will now include InterSec, The WM Co. and Deutsches own performance measurement business.
The three entities provide services to 25,000 portfolios with a total of $2 trillion in assets in 35 countries.
All units will now report to John Tudor, head of global investment analytics at Deutsche Bank Global Securities Services.
All of InterSecs 40 employees will remain with the firm and its executives will retain senior management roles. Offices in London, Tokyo, Toronto, Washington and Zurich will be maintained.
Christopher Nowakowski, InterSecs president and founder, will remain head of the operations, assuming the title of managing director. He said his role will be expanded to include significant client contact.