This article is from the Australian Property Journal archive
UK-based Oxford Economics has bought a controlling stake in BIS Shrapnel, expanding its reach and making it the largest independent economics research firm in the world.
BIS Shrapnel will merge with the Australian operation of Oxford Economics, and will be renamed BIS Oxford Economics.
“This investment by Oxford Economics sees the merging of BIS Shrapnel’s deep knowledge of the Australian and New Zealand economies with Oxford Economics’ detailed understanding of the global economy,” BIS Shrapnel managing director Robert Mellor said.
Oxford Economics CEO Adrian Cooper said the acquisition brings together the firm’s rigorous global modeling and analytical framework with BIS Shrapnel’s expertise across the Australian economy, in particular in forecasting investment cycles.
“This agreement expands the Oxford Economics Group to more than 300 staff globally, making it the largest independent economics research firm in the world, and allows us to support our clients in understanding economic trends and their impacts both domestically and globally,” Cooper said.
The new entity will operate from BIS Shrapnel’s existing offices in Australia. Robert Mellor will lead BIS Oxford Economics, with Dr Frank Gelber to remain chief economist and director. All BIS Shrapnel personnel will be retained and it will be business as usual.
Australian Property Journal
