New York, NY – Last week, former head of the Institute for Supply Management, Norbert J. Ore, CPSM, C.P.M, joined New York-based independent research firm, Strategas Research Partners, LLC as a Director in their newly formed Proprietary Research Group.
The New Hire
Mr. Ore is a well-known supply chain consultant and a recognized supply management leader known for global strategy and technology implementations in Fortune 500 companies. In addition, Norbert spent the last 15 years as the head of the Institute for Supply Management (ISM) and the director of the widely followed ISM report on business. Mr. Ore is also a frequent speaker to both buyers and sellers on negotiations, outsourcing, services and contracts, and he has authored numerous articles on those subjects.
Strategas management commented on this hiring, saying “we are very excited to have Norbert build high-frequency studies of business activity in both the manufacturing and non-manufacturing sectors and believe his efforts will not only further our understanding of economic trends, but also allow us to be a one-stop shop for macroeconomic research.”
Strategas’ Business Strategy
Since the firm’s founders left ISI in 2006, Strategas has aggressively expanded its business from being a traditional investment strategy boutique, into a broad-based research provider that now also offers government policy research, corporate services, fixed-income strategy, an agency trading desk, and now a proprietary research group.
The addition of Mr. Ore, on top of the recent hiring of Frank Francese and Tom Tzitzouris in February, is consistent with the firm’s strategy of becoming a one-stop shop for top-flight macro-oriented investment research for buy-side investors.
The team at Integrity Research views the addition of Norbert Ore to an already strong research bench and a wide product offering, as a good sign for Strategas. We suspect that the proprietary tracking surveys and custom research that Mr. Ore will conduct will add significant value to the firm’s customers.
As we have mentioned a number of times in the past few months, the current market environment has been quite difficult for a number of segments of the independent research industry, particularly primary research providers. However, a few firms like Strategas have been able to expand despite this challenging market – a sign that the firm has been able to do relatively well, at least on a relative basis.