The McLagan Partners subsidiary of HR consulting outfit Aon Consulting has bought London-based market intelligence firm Z/Yen Limited. Terms of the transaction are not disclosed.
Z/Yen Limited is a subsidiary of the Z/Yen Group, a provider of management consultancy, research and predictive software.
McLagan Partners, which provides proprietary market studies and consulting services to financial firms, says the Z/Yen Limited acquisition will complement its existing services by providing cost per trade analysis and customer perception studies for the capital markets.
"Since 1999, Z/Yen Limited has measured cost per trade and operational efficiency across the capital markets industry and worked with over 30 major banks,” says Jeremy Smith, head of Z/Yen Limited. "We believe that integration with McLagan Partners will enable us to extend our reach globally and provide a more comprehensive analytical service to our clients.”