Elphinstone Research Group is the largest student led financial research organisation of its kind in the United Kingdom and a registered charity. We are now expanding internationally.

We bring together 250+ students from 50+ leading universities across the UK and the USA, working in structured research teams spanning Equity Research, Quantitative Research, M&A, Private Equity, and Macroeconomic Analysis.

At Elphinstone, we believe finance is not just about numbers, but about understanding how markets, institutions, and policy interact to shape real world outcomes. Our work focuses on rigorous analysis, clear thinking, and producing research that is both intellectually honest and practically relevant.

Our activities include:
• In depth equity and sector research
• Quantitative and data driven market analysis
• M&A and private equity style deal analysis
• Cross university research collaborations
• Speaker events and professional briefings
• Publications through our own financial media platforms

Members gain hands on experience working on real research projects, building professional grade outputs, and collaborating in a high performance environment that mirrors the standards of the investment industry.

Our mission is to train the next generation of global finance professionals by combining discipline, curiosity, and real responsibility.

Elphinstone Research Group

Ihor Zhupanenko

This department focuses on analyzing and reporting on equity markets and individual securities to support investment decisions.

Equity Research

This department specializes in analyzing and researching potential mergers and acquisitions to drive strategic growth.

Mergers and Acquisitions

This department provides legal analysis and research to support the organization's compliance and legal needs.

Legal Services

This department conducts data-driven research and analysis to inform decision-making and strategy.

Quantitative Research

This department focuses on creating and managing written content for various publications.

Editorial Content

This department focuses on conducting financial evaluations and research within the private equity sector, including the assessment of environmental, social, and governance factors.

Elphinstone Research Group

Org chart

Teams

Equity Research

Mergers and Acquisitions

Legal Services

Quantitative Research

Editorial Content

Private Equity Analysis

Offices

Elphinstone Research Group

Org chart

Teams

Equity Research

Mergers and Acquisitions

Legal Services

Quantitative Research

Editorial Content

Private Equity Analysis

Offices

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