McLagen, a subsidiary of human resource consulting firm Aon Hewitt, is planning to acquire wealth market intelligence and research consultancy Scorpio Partnership for an undisclosed amount.
Founded in 1998, Scorpio Partnership has focused on delivering research and development solutions for its industrial clients in over 35 countries.
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McLagan global head of wealth management, Peter Keuls, said that Scorpio Partnership is a recognised game-changer in the global wealth industry.
"Their continuous focus on evaluating the fundamentals of what the wealthy client needs next has inspired and improved wealth management companies worldwide," added.
The acquired business will be part of the global wealth management practice led by Keuls.
Scorpio’s employees Catherine Tillotson and Sebastian Dovey along with a team of 10 employees will continue to operate in London.
Dovey said that the future of the global wealth industry will become increasingly dependent on the development of detailed insight and benchmarking.
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By GlobalData"Together with McLagan, our vision is to improve the ways in which wealth managers can profitably serve clients, identify revenue opportunities, manage costs, and improve the organisational efficiencies," Dovey added.
