Wealth-X and UBS's UHNW report
Wealth intelligence firm Wealth-X has acquired market researcher Ledbury Research as part of its strategic expansion as it works to better serve its clients.
Based in London, Ledbury Research is the preeminent wealth market research and advisory firm. The acquisition will help Wealth-X to further position itself as a global authority in providing sales, marketing, strategy and compliance solutions to its clients in the financial services, luxury, nonprofit and educational sectors.
Expanding outward
With the acquisition, Wealth-X will gain access to the 25,000 high-net-worth individuals that Ledbury Research interviews annually. This will expand Wealth-X’s capabilities into the ultra-high-net-worth population which totals approximately 13 million individuals globally.
Going forward, Ledbury Research will assume Wealth-X’s branding, but will continue to work out of its London offices in the Mayfair district. With the acquisition, Wealth-X staff will consist of more than 250 employees across 13 international cities, including London, Singapore and New York.
Marc Cohen, cofounder of Ledbury Research, will have a senior leadership position and report to Wealth-X CEO Mykolas Rambus. Ledbury Research’s staff will continue to report to its director Torie Bold and research director Stuart Rutherford.
Wealth-X's Mykolas Rambus
Mr. Rambus commented about the acquisition, saying, “Combining Ledbury’s extraordinary market research with Wealth-X’s proprietary data places us in an unrivaled 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.”