Oliver Wyman today made an official public announcement of its recent acquisition of Celent. Tekrati reported news of the deal earlier this month. Celent is one of a half dozen industry research and consulting firms focused exclusively on the global financial services industry.

Celent's operations and staff in Boston, New York City, San Francisco, London, Paris, Milan, Tokyo and Beijing will become a separate unit in Oliver Wyman's financial services practice. They will continue to produce the same high-quality, objective research on the financial services industry as they have since Celent was founded in 1999.

"This is an exciting opportunity for Oliver Wyman," said Alan McIntyre, a Managing Director for Oliver Wyman. "Celent is a well-regarded firm with a team of high-quality professionals. Its expertise in the strategic application of information technology to the financial industry complements our existing work in that area and will enhance our offering to clients. Celent's industry-leading research and publishing business is second to none and will be a strategic asset for Oliver Wyman as we seek to provide the best possible advisory services to our clients in the financial services industry."

Octavio Marenzi, Founder of Celent, commented: "Joining Oliver Wyman puts the strength of a global leader behind us and gives us new access to the most respected expertise in financial services strategy and risk management. The value of the research and consulting services we provide will be enhanced by our affiliation with Oliver Wyman."

Related news: Celent Acquired by Oliver Wyman Group, Tekrati, February 9, 2008.

About Oliver Wyman: With more than 2,500 professionals in over 40 cities around the globe, Oliver Wyman is the leading management consultancy that combines deep industry knowledge with specialized expertise in strategy, operations, risk management, organizational transformation, and leadership development. The firm helps clients optimize their businesses, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is part of Marsh & McLennan Companies [NYSE: MMC].

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