BWI: WhiteMonk Aims to be Disruptive Financial Research Provider from Emerging Markets

Press release from Business Wire India
Source: WhiteMonk Research & Analysis
Tuesday, November 10, 2009 05:57 PM IST (12:27 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Retailers; Technology
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WhiteMonk Aims to be Disruptive Financial Research Provider from Emerging Markets


Bangalore, Karnataka, India, Tuesday, November 10, 2009 -- (Business Wire India) -- WhiteMonk Research & Analysis (www.whitemonk.in), a financial and economic research firm focused on emerging markets, launched its website today for retail investors around the world. Investors could download the research reports on emerging markets by paying a reduced introductory fee. Anurag Tiwari, Director of Research & Analysis at WhiteMonk said "we want to bring our research capabilities on emerging markets to investors around the world, including those in emerging markets. There is still a huge amount of money waiting to be invested in emerging markets and investors just don't have access to very good financial and economic research on these markets. WhiteMonk is going to be disruptive!"

WhiteMonk said the current website will have many more features and more products very soon. It plans to build on customer feedback on an ongoing basis. Currently it covers India and in next few weeks, research on Brazil, China and Russia would be augmented on the website. WhiteMonk also plans to provide research reports on countries such as Sri Lanka and Malaysia.

WhiteMonk, based in Bangalore, India, also provides financial statements from emerging markets in formats that are used in US. Anurag says this enables investors to work on these companies by themselves. Other services by WhiteMonk include tailored investment and business research assignments for investors, investment banks, PE/VC firms and multinational companies.

WhiteMonk was founded by Anurag and Girish, who have experience in consulting with many financial services firms earlier. Girish did his MBA from Columbia and met Anurag in Bangalore, who is an MBA from Ivey Richard School in Toronto. Both were deeply passionate about financial research, value investing and started working together in no time. They found an opportunity in bringing financial research for emerging markets to the world, as they found investors around the world are having tough time accessing high quality investment research on emerging markets.

WhiteMonk has partnered with Contrarian Consulting, an accounting advisory firm. "This helps WhiteMonk to cross sell", says Girish, who is also an advisor to Contrarian.

Any plans to raise funds? "We are ok for now" says Girish, who recently exited from his previous venture, Iteamic, which was acquired by CIBER (NYSE:CBR), a Denver based firm. Girish was one of the co-founders at Iteamic. WhiteMonk is his 3rd start-up.


CONTACT DETAILS
Anurag Tiwari, WhiteMonk Research & Analysis, +91 9740523095, anurag@whitemonk.in

KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, RETAIL, TECHNOLOGY

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