Global index provider FTSE Group (FTSE) has completed the acquisition of US-based quant firm Pensions Benchmark Corporation (PBC).

FTSE has confirmed it will look to integrate PBC's systems and database within its own operational framework to further expand its in-house research capabilities.

The acquisition will see PBC owner Tom Nadbielny join FTSE as quantitative research director, where he will head the organisation's three regional research teams, based in Hong Kong, London, and New York.

Mark Makepeace, chief executive of the FTSE Group, said the integration of PBC enhanced its ability to support clients' use of its indices, create new customised indices and provide a range of performance and risk analysis.

He said: "Index users are seeking increasingly sophisticated indexing tools and associated data services. The acquisition of PBC and appointment of Tom Nadbielny strengthens our capability to meet that demand and ensure FTSE remains an innovative and market-leading index provider."

Nadbielny added: "Current market conditions mean that investors are seeking added value from index providers, and FTSE's research teams are fully equipped to support the business as it continues to build market share globally."