MSCI Inc. is a leading provider of critical decision support tools and solutions for the global investment community. The company's offerings help investors address challenges in a transforming investment landscape and power better investment decisions. MSCI leverages its knowledge of the global investment process and expertise in research, data, and technology to enable clients to understand and analyze key drivers of risk and return. The company's core business model revolves around research-driven and technology-enabled tools and solutions. Primary revenue streams include indexes, portfolio construction and risk management tools, ESG and climate solutions, and private asset data and analysis. MSCI's market position is as a key player in the global investment industry, with a competitive advantage in differentiated research-enhanced content and client-centricity. The company has a global presence, serving clients in more than 95 countries.

• Employees: 5,794 (as of December 31, 2023)
• Geographic Footprint: More than 95 countries
• Headquarters: New York, New York
• Founded: 1998 (as a separate business unit, prior to its IPO in 2007)
• Number of locations/facilities: More than 30 leased and occupied locations
• Revenue: $2.53 billion (FY2023)
• Key Subsidiaries/Brands: MSCI, Barra, RiskMetrics, Real Capital Analytics

• CEO: Henry A. Fernandez
• President and COO: C.D. Baer Pettit
• CFO: Andrew C. Wiechmann
• Chief Human Resources Officer: Scott A. Crum
• General Counsel: Robert J. Gutowski

Henry A. Fernandez has served as CEO since 1998 and Chairman since 2007. C.D. Baer Pettit has served as President since October 2017 and COO since January 2020. Andrew C. Wiechmann has served as CFO since September 2020. Scott A. Crum has served as Chief Human Resources Officer since April 2014. Robert J. Gutowski has served as General Counsel since January 2020.

• Annual Revenue: $2.53 billion (FY2023)
• Net Income: $1.15 billion (FY2023)
• Total Assets: $5.52 billion (as of December 31, 2023)
• Employees: 5,794 (as of December 31, 2023)
• Key Financial Highlights: Operating revenues increased 12.5% and net income increased 31.9% year-over-year.

MSCI offers a range of products and services, including:

• Indexes: Designed to measure returns across equity markets, size segments, sectors, and industries. Includes global equity, ESG and climate, factor, thematic, client-designed, fixed income and real assets indexes.
• Analytics: Provides risk management, performance attribution, and portfolio management tools, offering an integrated view of risk and return across asset classes.
• ESG and Climate: Offers data, ratings, research, and tools to help investors integrate ESG and climate considerations into their investment processes.
• Private Assets: Includes extensive data and analytics for private assets, enabling investors to evaluate fundamental information, measure and compare performance, understand exposures, manage risk, and conduct robust analysis.

MSCI operates through four reportable segments:

• Index: 57.4% of revenues (FY2023)
• Analytics: 24.4% of revenues (FY2023)
• ESG and Climate: 11.4% of revenues (FY2023)
• All Other - Private Assets: 6.9% of revenues (FY2023)

The Real Assets and Private Capital Solutions operating segments are combined and presented as All Other - Private Assets.

MSCI's strategy focuses on delivering actionable and integrated client solutions. Key initiatives include:

• Extending leadership in research-enhanced content across asset classes.
• Leading the enablement of ESG and climate investment integration.
• Enhancing distribution and content-enabling technology.
• Expanding solutions that empower client customization.
• Strengthening client relationships and growing into strategic partnerships.
• Executing strategic relationships and acquisitions with complementary data, content and technology companies.

The company is focused on product innovation and data collection to address the evolving needs of the investment industry, with an emphasis on open and flexible technology and integrated solutions.

MSCI operates in the financial information services industry. Key market trends include:

• Increasing complexity in investing, with more choices across asset classes and geographies.
• Growing focus on sustainable investing and integration of ESG and climate considerations.
• Growth of indexed investing through ETFs and other indexed products.
• Demand for high-quality data, insightful models, and timely research.

Major competitors include S&P Dow Jones Indices, FTSE Russell, Solactive AG, Nasdaq Inc., Bloomberg, Axioma, BlackRock Solutions, and FactSet Research Systems Inc. Market share information is not explicitly provided in the 10-K filing.

• Operational Risks: Dependence on third-party data and service providers, potential errors in products, and disruptions in IT systems.
• Market Risks: Changes in economic conditions, volatility in capital markets, and competition.
• Financial Risks: Exposure to foreign currency exchange rate fluctuations and potential impact of indebtedness.
• Regulatory Risks: Compliance with laws, rules, and regulations, including those related to benchmarks, ESG ratings, and data privacy.
• Reputational Risks: Potential for reputational damage due to conflicts of interest, data inaccuracies, or negative media coverage.