Wood Mackenzie separates from Deutsche Bank parent

Research and consulting firm Wood Mackenzie arranged a management and employee buyout from its former parent Deutsche Bank London AG.

By the OGJ Online Staff

HOUSTON, Dec. 21 -- Research and consulting firm Wood Mackenzie arranged a management and employee buyout from its former parent Deutsche Bank London AG.

It will operate as Wood Mackenzie Ltd. Deutsche Bank is expected to continue as one of the firm's largest clients, officials said.

Paul Gregory, CEO, said, "This move gives us the opportunity to broaden the range of research and consulting services we offer to our clients and to extend our leading position in the Energy and Life Sciences industries. In addition, it reinforces the independence of Wood Mackenzie's analysis, upon which our long-held reputation has been built.

"We see significant growth potential, both for our research products and our strategy consulting offerings."

Funding for the buyout was provided by Bank of Scotland. Deloitte & Touche advised Wood Mackenzie.

The head office will be in Edinburgh, and Wood Mackenzie will continue to maintain offices in London, Houston, Moscow, and Sydney.

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