LONDON and SINGAPORE, Feb. 19, 2015 /PRNewswire/ -- Wealth-X today announced that it has acquired Ledbury Research, the preeminent wealth market research and advisory firm, based in London. The acquisition bolsters Wealth-X's position as the global authority in wealth intelligence, providing sales, marketing, strategy and compliance solutions to clients in the financial services, luxury, not-for-profit and education sectors.
With the acquisition, Wealth-X will employ more than 250 professionals across offices in 13 cities, including London, Singapore and New York.
Wealth-X CEO Mykolas Rambus commented: "Combining Ledbury's extraordinary market research with Wealth-X's proprietary data places us in an unrivalled position to address our clients' most strategic needs. This acquisition demonstrates our commitment to expanding in Europe, the Middle East and Africa, while concurrently bringing increased value to our clients globally."
Marc Cohen, co-founder of Ledbury Research, commented: "We are extremely excited to join Wealth-X and align ourselves with the company that has defined the ultra-affluent category. Our clients will only benefit from their wealth big data capabilities, best practices, and global reach."
For Wealth-X, the acquisition, along with the 25,000 high net worth (HNW) individuals Ledbury Research interviews annually, marks the expansion of its capabilities into the HNW segment, comprised of nearly 13 million individuals globally.
Ledbury Research will assume Wealth-X branding whilst continuing to operate from its premises in London's Mayfair district. Marc Cohen will take up a senior leadership position and report to Wealth-X CEO Mykolas Rambus. Ledbury Research's professional staff will continue to report to Torie Bold, director at Ledbury Research, and Stuart Rutherford, its research director.
Wealth-X is the world's authority on wealth intelligence, providing sales, marketing, strategy and compliance solutions to clients in the financial services, luxury, not-for-profit and education sectors. Its award-winning research and thought leadership are regularly cited by the world's media such as CNBC, Financial Times, Thomson Reuters, CNN and BBC. Headquartered in Singapore, Wealth-X has 13 offices across five continents including New York, London and Hong Kong. (www.wealthx.com)
About Ledbury Research
Ledbury Research was founded in 2003 and specialises in delivering market research on wealthy consumers and their advisors. For more than a decade, Ledbury has worked with many of the leading brands in wealth management and the luxury goods industries, including 15 of the top 20 wealth and investment managers and all of the major luxury goods groups. Ledbury conducts interviews with tens of thousands of global HNW individuals each year as well as recruiters and other experts. The group is headquartered in London's Mayfair district. (www.ledburyresearch.com)