Khandwala Capital Management Completes Buyout Of Wright Investors’ Service
Sep. 04, 2018
GREENWICH, Conn.--(BUSINESS WIRE)--Sep 4, 2018--Khandwala Capital Management (KCM) is pleased to announce the buyout of Wright Investors’ Service, a leading provider of investment and financial services worldwide. KCM is a company principally owned and controlled by Amit S. Khandwala. Mr. Khandwala is a 30-year veteran of Wright and will become the company’s chairman while continuing in his role as chief executive officer and chief investment officer.
The company, which will retain the Wright name, is also pleased to announce that it is moving its corporate headquarters to 2 Corporate Drive, Shelton, Connecticut. It is expected to relocate there in September 2018.
Founded in 1960 and originally headquartered in Bridgeport, Wright Investors’ Service has been in Greenwich since 2015, soon after it was purchased by National Patent Development Corporation.
“I am incredibly thrilled and proud to have the opportunity to purchase the company where I have spent the majority of my professional career,” Khandwala said. “With the rest of our employees, I am looking forward to continuing the tradition of investment management and client service excellence that Wright Investors’ Service has become known for over the past 58 years.”
Wright Investors’ Service is ranked in Pensions & Investments magazine’s list of largest institutional money managers for 2018. The company’s various strategies have been recognized by professional rating agencies such as Informa Investment Solutions’ PSN manager database, one of North America’s longest-running databases of investment managers. For more information related to Wright Investors’ Service awards and recognitions, visit www.wrightinvestorsservice.com
Mr. Khandwala has over 30 years’ experience managing investments at Wright Investors’ Service, during which time he has achieved recognition for his investment acumen. He has overall responsibility for the company’s investment management and research.
Mr. Khandwala noted that Wright Investors’ Service can now be certified as a minority-owned business. Under the 2010 Dodd-Frank Act, government agencies involved in procurement contracts must consider the diversity of both applicants and their vendors. Many companies are also eager to do business with minority-owned firms to achieve their diversity objectives.
About Wright Investors’ Service, Inc.
Wright Investors' Service provides investment management, financial advisory, and investment research services to large and small investors in the United States, including trade unions, corporations, state and local governments, and eleemosynary organizations. In addition, the company offers a full array of research products for institutional investors. The company is headquartered in Greenwich, Connecticut, but is relocating to nearby Shelton in September 2018. For more information, visit www.wrightinvestorsservice.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005087/en/
CONTACT: Wright Investor’s Service
Amit S. Khandwala, 203-783-4350
Chairman, CEO and Chief Investment Officer
KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT
INDUSTRY KEYWORD: SMALL BUSINESS PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Wright Investors’ Service, Inc.
Copyright Business Wire 2018.
PUB: 09/04/2018 09:00 AM/DISC: 09/04/2018 09:01 AM