Thomson Reuters Further Strengthens KYC Managed Services and Legal Entity Data Through Clarient and Avox Acquisitions.  Acquisitions demonstrate Thomson Reuters continued commitment to solving critical industry client reference data and on-boarding challenges

Thomson Reuters has signed definitive agreements to acquire Clarient Global LLC and Avox Limited.  Clarient is a leading global Know Your Customer (“KYC”) and client reference data platform owned and used by the Depository Trust & Clearing Corporation (“DTCC”), Barclays, Credit Suisse, Goldman Sachs, J.P. Morgan, BNY Mellon, and State Street, among others. Avox is a leading supplier of legal entity data, hierarchies and identifiers on financial entities globally, owned by the DTCC.

The Clarient and Avox acquisitions represent another step forward by Thomson Reuters, who brought the first KYC managed service to market three years ago (Org ID) and today serves 23 leading financial institutions worldwide with over 200,000 KYC records published to date, consistently on-boarding or refreshing over 2,000 clients per month and helping customers accelerate client on-boarding, comply with regulation, reduce costs and improve client experience.  These businesses will be integrated into Thomson Reuters portfolio of risk management, compliance and reference data offerings.

Clarient Global LLC is a DTCC company founded with Barclays, BNY Mellon, Credit Suisse, Goldman Sachs, J.P. Morgan and State Street. Clarient Entity Hub acts as a central hub for investment managers, hedge funds, and corporations to upload, securely store, maintain and permission use of legal entity level information, documentation and ownership information. It integrates technology and operational expertise to provide increased controls, standardization, data quality and transparency during client on-boarding and ongoing client lifecycle activities. Clarient was established in response to the industry’s call to reduce operational complexity and to address regulatory requirements including Know Your Customer (KYC), Foreign Account Tax Compliance Act (FATCA), European Market Infrastructure Regulation (EMIR), and Dodd-Frank requirements.  For more information, visit

Avox Limited, a subsidiary of The Depository Trust & Clearing Corporation (DTCC), is a UK-based leading supplier of legal entity data on financial entities globally, that matches, enriches and maintains legal entity reference data for its clients, delivering corporate hierarchies, registered address information, industry sector codes and company identifiers. This approach ensures that clients can rely on the most accurate and timely data available to facilitate decision making and regulatory reporting.  For more information, visit

The acquisitions of Clarient and Avox are expected to close by the end of Q1 subject to customary closing conditions.

Source: Thomson Reuters Press Release