Proxy adviser Glass Lewis merges with Clarity AI to expand in Europe

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Proxy adviser Glass Lewis has combined with Clarity AI, which sells sustainability data and AI analytics. The two firms announced the deal on Thursday. The deal closed on 23 September, and no financial details were disclosed.

The combined company will make Madrid its global centre for sustainability, data and AI work. It has more than 900 staff in 20 offices, including a new office in Amsterdam, according to the joint statement.

“The fact that we are designating Madrid our global centre of excellence for sustainability, data and AI innovation speaks volumes about the strategic importance of the European market and our commitment to it,” said Bob Mann, chief executive of Glass Lewis.

What each side brings

Glass Lewis, founded in 2003 and based in San Francisco, advises investors on how to vote at shareholder meetings. It says it serves more than 1,300 investment managers and pension funds. Clarity AI, founded...

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