The acquisition of iShares by CVC Capital Partners is a significant endorsement of the iShares franchise. Even during the current economic crisis, iShares has enjoyed continued growth as we have provided innovative investment solutions to advisors and institutions around the world.
Along with the rest of the iShares management team, I am very excited to work with CVC Capital Partners in taking the iShares business forward. CVC Capital Partners has a track record of investing in firms that have demonstrated strong revenue and earnings growth and a history of reinvesting in the business. As a leader in Exchange Traded Products, iShares is committed to serving investors around the world. This deal provides an excellent platform for the next phase of iShares growth. With this new streamlined ownership structure, iShares is well positioned to continue bringing you innovative products and solutions as well as unmatched client service.
The continuity of the iShares business is a central tenet of this transaction. Not only does the current leadership team remain in place but the portfolio management and trading will as well. The iShares business will be an independent asset manager creating, managing and distributing innovative investment solutions to our clients around the world.
However, the real partner behind the success of iShares has been, and will continue to be, financial advisors. We are committed to providing you the tools to grow your business and will continue to bring you innovative investment solutions and service. Thank you for your business to date and in the years to come.
Associate of Barclays Global Investors Services and Barclays Global Investors Fund Distribution Company, which are affiliates of Barclays Global Investors, N.A.