Celent acquired by Oliver Wyman
This is a good move for Oliver Wyman as their knowledge in the financial services industry will complement Celent’s strengths. My obvious concern will be how much they try and cross-sell each others services. If this happens then more questions will be asked regarding analyst independence – in today’s uncertain climate we don’t need another nail in the coffin.
Perhaps Celent’s biggest strength is Octavio Marenzi – the previous owner of Celent and now a director or OW. A true visionary and charismatic analyst who has made Celent such as strong firm.
According to a letter sent to Celent clients by Octavio he has confirmed that there will be no disruption to services and all the analysts will be staying put.
Looking forward to seeing how things develop.
Disclosure: TowerGroup (a competitor of Celent) is a client of mine.
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