NEW YORK—The Global Consulting Group, the investor relations, corporate communications and public affairs consulting subsidiary of Lord Peter Chadlington’s Huntsworth Group, will be expanding its presence in Europe with the integration of Prospero Financial into its London operations. Prsopero is a subsidiary of hatch-group, acquired by Huntsworth in July.
According to GCG chief executive officer Richard Wolff, Prospero’s financial communications practice “will strengthen our existing presence in the London market. Although Prospero Financial is a young company, it has already proven itself as a top tier advisor to clients on M&A, litigation support, special situations and economic regulation.”
Prospero’s Michael Oke will lead the GCG team in London. Says Oke, “GCG provides market- leading investor relations expertise and a wealth of senior advisory capability on a global scale. The combination of our businesses will enable our clients, employees, and contacts to benefit from a broader pool of talent and strength in local markets, in particular from GCG’s considerable reputation and position in the U.S. market.”
Prospero Financial was established in February 2002 and by April 2003 it ranked fourth in the U.K. ranking of M&A advisors and in the top 15 European M&A advisors for the first half of 20032.
The Prospero deal follows an announcement last month that Huntsworth had purchased 25 percent of financial public relations firm Grandfield, and that Wolff, had joined the firm’s board of directors.