MONEY MANAGEMENT

ISS acquires sustainable investment research firm Ethix SRI Advisors

Institutional Shareholder Services acquired Ethix SRI Advisors, a Scandinavia-based provider of sustainable and responsible investment research and investment advice.

ISS is a provider of proxy advisory and corporate governance services.

Ethix SRI Advisors has been renamed ISS-Ethix. It advises on more than €300 billion ($334 billion) in assets. It has offices in Stockholm and Copenhagen, Denmark, which it will continue to operate.

ISS-Ethix also will continue to be led by Ulrika Hasselgren, managing director and founding partner of Ethix, who also will lead ISS’ overall responsible investment business initiatives.

“We look forward to integrating our teams, products and services to provide clients of both Ethix and ISS a turnkey solution that is global in scope,” said Stephen Harvey, ISS chief revenue officer, in a news release by ISS.

ISS officials did not respond to requests for comment by press time.