MSCI Inc DEF 14A, filed Mar 12, 2025

MSCI Inc. (MSCI)

DEF 14A 2025-03-12 For: 2025-04-22

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About this DEF 14A

MSCI Inc filed this DEF 14A on March 12, 2025.

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☑			Filed by the Registrant			☐			Filed by a party other than the Registrant


CHECK THE APPROPRIATE BOX:
☐			Preliminary Proxy Statement
☐			Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☑			Definitive Proxy Statement
☐			Definitive Additional Materials
☐			Soliciting Material under §240.14a-12


PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY):
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☐			Fee paid previously with preliminary materials
☐			Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11


Letter from our Chairman and CEO			3
Letter from our Independent Lead Director			4
Notice of Annual Meeting of Shareholders			5
Proxy Summary			8
Proposal No. 1: Election of Directors			19
Director Core Competencies and Demographics			20
202 5 Director Nominees			22

Corporate Governance			28
Corporate Governance Practices			28
Composition and Board Refreshment			29
Structure of our Board			33
Engagement and Evaluation of our Board			40
Oversight by our Board			44
Corporate Responsibility			47
Workforce and Talent Management			49

Director Compensation and Stock Ownership Guidelines			52
Director Compensation			52

Proposal No. 2: Advisory Vote to Approve Executive Compensation (Say-on-Pay)			56
Compensation Matters			57
Compensation Discussion and Analysis			58
Highlights			58
Governance and Administration			62
Review of our Programs			68
Other Policies			81
Tax Considerations			82
Compensation Risk Assessment			82


Compensation, Talent and Culture Committee Report			83
Executive Compensation Tables			84
CEO Pay Ratio			93
Pay Versus Performance			94

Proposal No. 3: Approval of the MSCI Inc. 2025 Omnibus Incentive Plan			98
Audit Matters			109
Independent Auditor’s Fees			109
Pre-Approval Policy of the Audit and Risk Committee of Services Performed by Independent Auditors			109
Audit and Risk Committee Report			110

Proposal No. 4: Ratification of the Appointment of MSCI's Independent Auditor			112
Beneficial Ownership of Common Stock			113
Stock Ownership of Executive Officers and Directors			113
Stock Ownership of Principal Shareholders			115

Other Matters			116
Additional Policies and Procedures			116
Certain Transactions			116
Related Person Transactions Policy			117
Other Business			117

Annex A: Frequently Asked Questions			118
Annex B: Supplemental Financial Information			125
Annex C: MSCI Inc. 2025 Omnibus Incentive Plan			129


			We are focused on delivering innovative solutions, strengthening client relationships and driving sustainable long-term growth. We continue to engage with our shareholders to ensure alignment between our strategic priorities and investor expectations, reinforcing our commitment to shareholder value creation.


			As MSCI continues to expand its role as a leading provider of critical tools and solutions for the global investment community, the Board remains focused on overseeing MSCI’s business strategy to ensure it supports sustainable growth, innovation and resilience in a rapidly evolving market.



			Important Notice Regarding the Availability of Proxy Materials for the 2025 Annual Meeting to be held on April 22, 2025. This Proxy Statement and our 2024 Annual Report on Form 10-K for the fiscal year ended December 31, 2024 are available without charge at www.proxyvote.com. Information contained on such website is not incorporated by reference into this Proxy Statement or any other report we file with the Securities and Exchange Commission (the “SEC”).


INTERNET www.proxyvote.com Use the internet to transmit your voting instructions and for electronic delivery of information up until 11:59 P.M. Eastern Time on April 21, 2025. Have your proxy card in hand when you access the website and follow the instructions to obtain your records and to create an electronic voting instruction form.			TELEPHONE 1-800-690-6903 Use any touch-tone telephone to transmit your voting instructions up until 11:59 P.M. Eastern Time on April 21, 2025. Have your proxy card in hand when you call and then follow the instructions.			MAIL Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.



			NOTE ON FORWARD-LOOKING STATEMENTS This Proxy Statement and statements and reports that are referenced in this Proxy Statement contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to future events and involve underlying assumptions, as well as known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond MSCI’s control and that could materially affect our actual results, levels of activity, performance or achievements. Other factors that could materially affect actual results, levels of activity, performance or achievements can be found in the MSCI 2024 Annual Report on Form 10-K filed with the SEC on February 7, 2025 and in quarterly reports on Form 10-Q and current reports on Form 8-K filed or furnished with the SEC. If any of these risks, uncertainties or other matters materialize, or if MSCI’s underlying assumptions prove to be incorrect, actual results may vary significantly from what MSCI projected. Statements and reports on our website or other websites that we refer to in this Proxy Statement will not be deemed a part of, or otherwise incorporated by reference in, this Proxy Statement or any other report we file with the SEC. Some of the statements and reports contain cautionary statements regarding forward-looking information that should be carefully considered. Forward-looking and other statements in this report and other reports may include metrics and estimates, assumptions based on evolving standards, and aspirational goals that are not promises or guarantees. Forward-looking and other statements in this report do not indicate materiality under U.S. federal securities laws, even if we use terms such as “material” or “materiality.” Some disclosures are based on third-party frameworks and stakeholder expectations, but we cannot guarantee continued adherence to these frameworks, which may change due to business developments, policy changes or other factors beyond our control. Any forward-looking statement in this Proxy Statement and statements and reports that are referenced in this Proxy Statement reflect MSCI’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to MSCI’s operations, results of operations, growth strategy and liquidity. MSCI assumes no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise, except as required by law.




This summary highlights information contained elsewhere in this Proxy Statement. It does not contain all of the information that you should consider, and you should read the entire Proxy Statement carefully before voting.


Net Income / Operating Income / Adjusted EBITDA* (in millions except percentages)


Cash From Operating Activities / Free Cash Flow* (in millions except percentages)



~$5.3 billion Capital returned in the last five years (as of December 31, 2024) (includes dividends)	~8.0 million Shares repurchased in the last five years (as of December 31, 2024)	~15.9 percent 2024 increase in quarterly per-share dividend from $1.38 quarterly to $1.60 quarterly


Company Name/Index	12/31/14		12/31/15			12/31/16		12/31/17		12/31/18		12/31/19		12/31/20		12/31/21		12/31/22		12/31/23		12/31/24
MSCI Inc.	$	100.00		$	154.01	$	170.37	$	277.07	$	326.80	$	579.07	$	1,009.81	$	1,394.94	$	1,069.42	$	1,314.34	$	1,410.39
S&P 500 Index	$	100.00		$	101.38	$	113.51	$	138.29	$	132.23	$	173.86	$	205.85	$	264.94	$	216.96	$	273.99	$	342.54
MSCI USA Financials Index	$	100.00		$	99.27	$	121.80	$	148.66	$	128.49	$	170.80	$	167.35	$	227.20	$	199.58	$	228.82	$	301.33


4			2025 PROXY STATEMENT


6			2025 PROXY STATEMENT


			Table of Contents


Table of Contents \| MSCI			7




Robust Governance Implement policies and practices that reflect MSCI’s commitment to strong governance			Board Developments •Appointed Michelle Seitz, a new director with deep experience in the investment industry, having spent more than three decades in asset management and private wealth, both as a CEO and as an investor •Appointed June Yang, a new director with extensive experience in the technology sector, with a focus on AI and cloud, having spent over 30 years innovating and scaling enterprise businesses, with expertise in product management, product marketing and engineering •Planned retirement of incumbent director Wayne Edmunds, effective as of the 2025 Annual Meeting •As part of its regular practice of seeking third-party perspectives on governance practices, the MSCI Board conducted an independent evaluation in 2024, including feedback on Board governance, culture and processes Shareholder Rights •Amended Bylaws to provide that special meetings of shareholders may be called by shareholders owning at least 15% of voting power




Social Practices Retain and develop our people to foster a high-performing workforce that drives innovation and delivers impactful products and research to the market			Employee Engagement •Measured employee engagement through focus groups, pulse surveys for new employees of acquired companies, and an enhanced annual global engagement survey for all employees •Achieved record-high participation rates in engagement surveys, with continued high levels of full engagement Talent Development •Focused on developing senior internal talent while strategically hiring externally to ensure strong leadership for both the present and future •Introduced development frameworks for Executive Director-level employees to strengthen leadership pipeline Company Culture •Developed and communicated to employees behaviors that embody our cultural values, foster alignment and strengthen the Company’s culture. •Launched the inaugural Global Inclusion Week, featuring events and initiatives across multiple global locations to foster employee engagement, communication and collaboration.




Environmental Sustainability Manage carbon emissions and climate risks and opportunities, and implement sustainable operational practices			Climate and Nature Commitments •Advanced efforts to reduce CO₂e emissions, sourcing clean energy where possible, incorporating energy considerations into our location strategy, engaging strategically with third-party suppliers, and improving internal processes for more accurate emissions calculations •Demonstrated leadership by becoming an inaugural member of the Taskforce on Nature-Related Financial Disclosures (TNFD) and committing to be an early adopter of the TNFD framework Reporting •Published our annual sustainability disclosures, including our 6th CDP report •Published a refreshed Environmental Policy Supply Chain Engagement •Engaged with top suppliers by emissions



Integrating Sustainability and Climate Offer solutions to enable capital markets participants to achieve investment and sustainability goals, identify opportunities and manage risks			Tools and Solutions •Launched MSCI Carbon Project Ratings, providing comprehensive, independent assessments of over 4,000 carbon projects worldwide, evaluating quality and integrity based on criteria such as climate impact, environmental and societal benefits, and legal and ethical considerations. These ratings aim to enhance transparency and confidence in the carbon credit market •Introduced MSCI Private Company Data Connect, a centralized hub providing general partners with sustainability and climate data to support due diligence, regulatory compliance and investment decision-making •Launched MSCI GeoSpatial Asset Intelligence, a solution enabling clients to evaluate location-based climate risks and opportunities across corporate portfolios, real estate holdings, and loan books Thought Leadership and Research •Through the MSCI Sustainability Institute, collaborated with academic institutions, industry bodies and NGOs to research sustainable finance’s impact on asset allocation and financial performance •Participated in major global climate events, including NYC Climate Week and COP29, leading discussions on transition frameworks, climate risk scenarios in investment decision-making and carbon credit integrity



			PROPOSAL 1 Election of Directors


			The Board recommends a vote FOR each director nominee.			See Page 19




What We Discussed in 2024:	OUR BUSINESS Market Trends ESG and Climate Strategy Recent Acquisitions Financial Performance Overall Outlook	CORPORATE RESPONSIBILITY AND CORPORATE GOVERNANCE Succession Planning Board Oversight Talent Strategy Executive Compensation Sustainability Strategy	OVER 350 meetings with our shareholders, prospective shareholders and sell-side analysts, including Corporate Responsibility Roadshow ~50% of our shares outstanding represented across our shareholder engagement meetings in 2024



			PROPOSAL 2 Advisory Vote to Approve Executive Compensation (Say-on-Pay)


			The Board recommends a vote FOR this proposal.			See Page 56




RSUs			•Annual grant of RSUs to our NEOs (other than our CEO and our President and COO) that cliff-vest at the end of a three-year service period.



PSUs			•Annual grant of PSUs which cover a cumulative three-year performance period. •The PSUs are eligible to vest between 0% and 200% for PSU grants, based on the achievement of an absolute TSR CAGR performance metric. •The PSUs include a one-year post-vest mandatory holding period.



PSOs			•Annual grant of PSOs which cover a cumulative three-year performance period. •The PSOs are eligible to vest between 0% and 200% based on the combined level of achievement of (i) a cumulative revenue performance goal and (ii) a cumulative adjusted EPS performance goal (each weighted equally). •Share price of MSCI common stock must exceed exercise price for a participant to realize value.



			PROPOSAL 3 Approval of the MSCI Inc. 2025 Omnibus Incentive Plan


			The Board recommends a vote FOR this proposal.			See Page 98



			PROPOSAL 4 Ratification of the Appointment of MSCI’s Independent Auditor


			The Board recommends a vote FOR this proposal.			See Page 112



			PROPOSAL NO. 1 Election of Directors


						Our Board recommends that you vote “FOR” the election of all 12 nominees named below. Proxies solicited by our Board will be voted “FOR” these nominees unless otherwise instructed.



EXECUTIVE LEADERSHIP Directors who have served as CEOs, COOs or other senior executives possess critical experience setting and executing strategic priorities across complex organizations, which are necessary skills to help support our growth and the creation of shareholder value.			a


INVESTMENT INDUSTRY EXPERIENCE Directors with expertise in the investment industry have a deep understanding of our key clients (e.g., asset owners, asset managers, financial intermediaries, wealth managers, private assets investment professionals and corporates) and the use-cases for our product offerings, which provides us with valuable market and client insights.			a


GLOBAL PERSPECTIVE As a company with significant global operations, with businesses tied to the global capital markets and with global client and employee bases, we value directors on the MSCI Board with a global perspective who have worked outside of the United States or who have other substantial management or operational experience with international teams or organizations.			a


REGULATORY, GOVERNMENT AND PUBLIC POLICY ENGAGEMENT Directors who have significantly interacted with, or who have served as, government officials, regulators or policymakers, provide important guidance and insight on managing complex regulatory and public policy issues affecting MSCI around the world.


CORPORATE DEVELOPMENT Directors with relevant experience identifying, assessing and executing corporate development opportunities provide insight to us as we define priorities to expand our business through mergers, partnerships and acquisitions. We believe expertise in these areas allows our Board to oversee our corporate opportunities and our efforts to grow our business and maximize return for our shareholders.


FINANCIAL REPORTING AND CAPITAL ALLOCATION We utilize a variety of financial targets and metrics, and an understanding of accounting, financial planning, financial reporting and financial controls structures is critical to how we measure our performance and report to our investors. Additionally, we value directors who have significant experience with corporate financing activities and equity and debt markets to support appropriate oversight of our capital structure.


CORPORATE/ENTERPRISE RISK MANAGEMENT In light of the Board’s role overseeing corporate/enterprise risk management and understanding the most significant risks facing MSCI, including strategic, market, operational, financial, legal, regulatory and reputational risks, we seek directors with experience in corporate/enterprise risk management and oversight.


CLIENT RELATIONS, MARKETING AND BRAND DEVELOPMENT Client-centricity is essential for us to understand and support our clients’ needs. In addition, marketing and brand development are increasingly important to growing our client relationships and footprint. Experience in these areas contributes to the Board’s understanding of changing market conditions and trends and helps us better deploy our innovative tools and solutions to our clients.


DIGITAL, DATA AND CYBERSECURITY EXPERTISE Directors with expertise in current relevant technology and data issues, including cybersecurity, digital transformation, data security and privacy, big data and analytics, enterprise software and emerging technologies, provide important insights and oversight with respect to the use of technology to optimize and secure our operations, drive efficiencies and product development, and deliver our solutions more effectively to our clients.


SUSTAINABILITY AND CLIMATE PRACTICES Experience with sustainability or climate practices, goals, tools and strategies used by investors helps us support the needs of our clients, as we enable their efforts to integrate financially material sustainability and climate considerations into their investment processes. Additionally, experience with corporate sustainability or climate practices, including initiatives such as setting carbon reduction targets or talent strategies, contributes to the Board’s oversight of MSCI’s corporate practices in these areas.


HUMAN CAPITAL MANAGEMENT MSCI is committed to maintaining a performance culture and a high level of employee engagement. Experience in talent management (attraction, development and retention), executive compensation, succession planning and culture are important areas of Board oversight.


Tenure/Age/Gender/Independence
Tenure	11	17	3	8	2	5	17	<1	7	4	5	<1
Age	65	66	59	66	60	55	64	59	58	60	68	51
Gender	M	M	F	M	M	M	F	F	M	M	F	F
Independence	n		n	n		n	n	n	n	n	n	n


¢			Women
¢			Men
¢			African American/ Black
¢			Asian/South Asian
¢			Hispanic/Latino
¢			Caucasian/White


	ROBERT G. ASHE	Independent Lead Director


	Mr. Ashe retired from IBM Corp. (“IBM”) in January 2012, where he had most recently served as General Manager of Business Analytics from 2010 to 2012 and before that as General Manager of Business Intelligence and Performance Management since 2008, following IBM’s acquisition of Cognos Inc. (“Cognos”), a Canadian provider of business intelligence and performance management software. Mr. Ashe worked for Cognos from 1984 to 2008, holding various executive positions, including most recently President and Chief Executive Officer from 2004 to 2008, President and Chief Operating Officer from 2002 to 2004 and Chief Corporate Officer from 2001 to 2002, during a portion of which time he also served as Chief Financial Officer. He also held various leadership roles in Worldwide Field Operations, Products, Application Development Tools, Product Development, and Corporate Finance. Mr. Ashe holds an Honours Bachelor of Commerce with a major in Accounting from the University of Ottawa. Mr. Ashe is also a Certified Public Accountant in Canada. CURRENT OTHER PUBLIC COMPANY DIRECTORSHIPS: Shopify Inc. (December 2014 to present) PRIOR OTHER PUBLIC COMPANY DIRECTORSHIPS: ServiceSource International, Inc. (March 2013 to May 2020) and Halogen Software Inc. (February 2013 to April 2017) QUALIFICATIONS: We believe Mr. Ashe’s over 30 years of experience in finance, product marketing, software development, revenue growth and strategic transactions qualify him to serve as a director. As CEO and CFO of Cognos, he executed strategic acquisitions and led its integration into IBM, providing valuable insight into investment, organic growth and M&A strategies. His background as a former CFO brings expertise in corporate finance, accounting and internal controls. His experience in the technology sector also allows him to provide valuable insights on MSCI’s technology strategy. As a former public company CEO, lead director and board member, he also provides governance and leadership expertise in his role as Lead Director.
Director since: 2013 Age: 65 years old Committees: Audit Committee Governance Committee


	HENRY A. FERNANDEZ	Chairman and CEO


	Mr. Fernandez has served as Chairman of our Board since 2007 and as our CEO and a director since 1998. He served as head of the MSCI business from 1996 to 1998 and as President from 1998 to October 2017. MSCI was previously a business unit within Morgan Stanley prior to its IPO in 2007. Before leading MSCI, he was a Managing Director at Morgan Stanley, where he worked from 1983 to 1991 and from 1994 to 2007, in emerging markets business strategy, equity derivatives sales and trading, mergers and acquisitions, and corporate and mortgage finance. Mr. Fernandez holds a Bachelor of Arts in economics from Georgetown University, an M.B.A. from the Stanford University Graduate School of Business and pursued doctoral studies in economics at Princeton University. CURRENT OTHER PUBLIC COMPANY DIRECTORSHIPS: Royalty Pharma plc (August 2020 to present) QUALIFICATIONS: We believe that Mr. Fernandez’s extensive experience and leadership in the financial services industry, as well as his unparalleled knowledge of MSCI and its business, render him qualified to serve as one of our directors. As MSCI’s Chief Executive Officer, he brings significant senior leadership, and direct knowledge and experience, in the Company’s culture, business development, strategy, growth and long-term success. In addition, as the lead director of another public company, Mr. Fernandez also brings to the Board additional experience and insight with respect to corporate governance.
Director since: 2007 Age: 66 years old


	ROBIN L. MATLOCK	Independent Director


	Ms. Matlock previously served as the Senior Vice President and Chief Marketing Officer of VMware, Inc. (“VMware”), a publicly held software virtualization company recently acquired by Broadcom Inc., a position she held from 2013 to June 2020. Ms. Matlock previously served as Vice President, Corporate Marketing at VMware from 2009 to 2013. Before VMware, Ms. Matlock served as Executive Vice President and General Manager of Imperva Inc., a cybersecurity software and services company. Prior to that, she held executive positions in a number of technology companies, including McAfee, Entercept Security Technologies and Symantec Corporation. Ms. Matlock has also served as a director and advisor of private technology companies, including Cohesity, Inc., People.ai and Dremio Corporation, for a number of years. She earned her Bachelor of Arts degree in Economics and Music from Rice University. CURRENT OTHER PUBLIC COMPANY DIRECTORSHIPS: Iron Mountain Incorporated (July 2019 to present) QUALIFICATIONS: We believe that Ms. Matlock’s extensive experience in the areas of go-to-market and marketing strategy, client insight and technological innovation render her qualified to serve as one of our directors. Her prior experience in marketing, digital solutions and business development in a leading technology company, and her current experience as a director and advisor to a number of private technology companies, add to her deep understanding of the technology sector and the importance of client centricity. Her public company board experience also enables her to contribute valuable insights into corporate governance and the Board’s role in risk oversight.
Director since: 2022 Age: 59 years old Committees: Compensation Committee Governance Committee


	JACQUES P. PEROLD	Independent Director


	Mr. Perold was president of Fidelity Management & Research Company, the investment advisor for Fidelity’s family of mutual funds, until his retirement in 2014. From 2001 to 2009, Mr. Perold was president of Geode Capital Management, LLC, a sub-advisor to Fidelity. He is currently a trustee of New York Life Insurance Company’s NYLI mutual funds, a trustee of Partners in Health, and a co-founder and Chairman of CapShift, a company focused on enabling impact investments from donor-advised funds and foundations. Mr. Perold holds a Bachelor of Arts degree in economic history from the University of Cape Town and a post-graduate Bachelor of Arts Honors degree in sociology from the University of Cape Town. CURRENT OTHER PUBLIC COMPANY DIRECTORSHIPS: Allstate Corporation (December 2015 to present) QUALIFICATIONS: We believe that Mr. Perold’s over 30 years of experience and leadership in strategy and operations at one of the world’s largest asset management firms render him qualified to serve as one of our directors. Mr. Perold’s role in leading investments and operations for a global investment firm as well as serving as the founder of an investment advisory firm also provides the Board with valuable insight into the Company’s asset management client segment. In addition, his role as a senior business leader who oversaw compensation programs and goals provides knowledge of the role and responsibilities of our Compensation Committee.
Director since: 2017 Age: 66 years old Committees: Compensation Committee (Chair) Strategy Committee


	C.D. BAER PETTIT	Director, President and Chief Operating Officer


	Mr. Pettit joined MSCI in 2000 and has served as MSCI’s President since October 2017 and Chief Operating Officer since January 2020, having previously served as Chief Operating Officer from 2015 to 2017. He is responsible for MSCI’s commercial and operational functions, including client coverage, marketing, product management, research and development, technology and operations. He previously served as MSCI’s Head of Products, Head of Index Products, Head of Marketing and Head of Client Coverage. Mr. Pettit holds a Master of Arts degree in history from Cambridge University and a Master of Science degree from the School of Foreign Service at Georgetown University. QUALIFICATIONS: We believe that Mr. Pettit’s over 20 years of experience with MSCI, including his oversight of the Company’s commercial and operational functions, render him qualified to serve as one of our directors. He brings to the Board industry and business acumen in addition to in-depth knowledge about MSCI’s business, clients, products, technology and long-term strategy, as well as extensive experience overseeing day-to-day operations.
Director since: 2023 Age: 60 years old


	SANDY C. RATTRAY	Independent Director


	Mr. Rattray retired from Man Group plc in September 2021, having served as Chief Investment Officer from 2017 to September 2021. He previously served as Chief Executive Officer of Man AHL from 2013 to 2017 and Chief Investment Officer of Man Systematic Strategies from 2010 to 2013. Prior to holding such positions, he held several other senior leadership positions at Man Group. Before joining GLG Partners, which was later acquired by Man Group in 2007, he spent 15 years at Goldman Sachs where he held various positions, including Managing Director and head of the Fundamental Strategy Group. Mr. Rattray also sits on the MSCI Advisory Council. He is also a governor of the Southbank Centre in London, a governor of the King’s Maths School in London and is a Senior Advisor at Capula Investment Management LLP. He also pursues his personal interest in the field of architecture, including since 2023 at Allies and Morrison, a London-based architecture and urban planning firm. He holds a Master’s degree in Natural Sciences and Economics from the University of Cambridge and a Licence Spéciale from the Université Libre de Bruxelles. QUALIFICATIONS: We believe that Mr. Rattray’s over 25 years of experience in the global investment industry, including a focus on the technological innovation impacting the industry, render him qualified to serve as one of our directors. In particular, his background in finance at a leading, technology-focused asset management firm enables him to provide insights into our clients, operational and risk management, and our commercial strategy. In addition, Mr. Rattray has authored numerous academic papers in finance, focusing on investment strategies, risk management and portfolio design. Mr. Rattray is also a co-inventor of the VIX index, created in 2003, which has since become one of the most traded futures and options contracts in the world. This combination of advanced theoretical insight and practical experience as the Chief Investment Officer of a global asset management firm provides Mr. Rattray with a deep understanding of the finance industry.
Director since: 2020 Age: 55 years old Committees: Governance Committee Strategy Committee (Chair)