London-based analysis firm Edison Investment Research is opening its first office in the United States in a bid to add US companies to its client list.
“To give some context, the UK has around 2,000 listed companies, whereas the companies listed on the New York Stock Exchange and NASDAQ number some 6,000 while another 2,500 are Toronto-based,” said Peter Molloy, who will lead the US team.
Edison Investment Research is also opening a two-man office in Wellington, New Zealand that will support the company's operation in Sydney, opened in the past year, as it seeks to gain new business in the Asia-Pacific region. The New Zealand office will be staffed by Simon Wilson, who has experience in Japanese and New Zealand equities, and John Kidd, an oil and mining specialist.
The company has also hired three analysts to its London team. Anne Crow joins as an industrials and technology analyst, Michael Stoner joins the mining team and Arun George joins as an institutional analyst.
Edison Investment Research said it provides coverage to more than 400 companies and employs more than 80 people, 50 of whom are analysts.
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