Foresight has stated the newly acquired investment ratings segment, Australia Ratings Analytics (ARA) will continue to operate in a similar manner under its new ownership.
The business, led by former Morningstar executive Jay Kumar, assigns ratings to managed funds, separately managed accounts (SMAs) and insurance bonds.
The investment ratings staff of ARA have transitioned to Foresight.
Meanwhile Australia Ratings will continue to offer credit rating and risk services to the local market, as well as other ancillary services, such as assessing resource companies and credit risk training services.
Australia Ratings managing director Chris Dalton commented: “We commenced the ARA business to provide investment ratings of funds, SMAs and investment bonds to financial planners and wealth advisory groups.
“Having established a successful presence in the research market, we believe the transfer of the business to Foresight will allow it to accelerate its growth trajectory.”
