Americas
01 April 2009
Managing Intellectual Property
Head of transactions at Ocean Tomo resigns Andrew Ramer, the former managing director of the transactions practice at Ocean Tomo, has left the IP merchant banc. Ramer's departure came just a few days before an announcement that the economic crisis has forced the firm to make a series of changes. Ocean Tomo chief executive, Jim Malackowski, told Managing IP the timing was merely "coincidental": "It should surprise no one that corporations are very likely to have reduced budgets for patent acquisition, especially overseas", said Malackowski.
For this reason, the team has decided to cancel its June auction in Hong Kong, which was part of the IP Markets 2009 event, along with a spring auction in San Francisco and an autumn event in Paris. The Hong Kong auction was set to be the firm's first in Asia. Malackowski also predicted "some impact to pricing" for the San Francisco auction on March...
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