AI-based investment platform ABT Capital Markets announced today the acquisition of a 25% stake in ESG data analytics and research firm ESG Data Services Inc (ESG Analytics). The companies stated that ESG Analytics’ robust data intelligence will support ABT’s analytics-driven decision making, providing a holistic understanding of potential investee businesses.
ABT’s Chief Executive Officer John Gan, said:
“Investors in today’s market are demanding timely, comprehensive ESG data in order to make meaningful, informed decisions. ABT’s strategic partnership with ESG Analytics will give us the ability to support investors through the development of socially responsible investment strategies.”
According to ABT, the acquisition is aimed at amplifying its ability to bring meaningful ESG analytics, insights, and services to the investment community. ESG Analytics employs full-scale alternative data and artificial intelligence to measure risks and opportunities in the ESG practices of countries, companies and ETFs. In October, ESG Analytics launched a new AI-powered platform, designed to enable researchers, analysts, funds and companies to get new and timely insights as they integrate ESG as part of the investment management process and company decision making.
The companies also announced that ESG Analytics Founder Qayyum Rajan, has joined ABT as Vice President and Portfolio Manager.
Welcoming Rajan, Gan said:
“We’re very excited to have Qayyum on board. His depth of experience, knowledge and data science and engineering capabilities is an exciting complement to our growing team of experienced executives.”
“The democratization of sophisticated investment strategies is the next frontier of finance. This strategic partnership between ESG Analytics and ABT Capital Markets will bring new tools and technologies to allow investors access to these previously hidden areas of capital markets, while providing an environmental, social and governance (ESG) lens to the investment process.”