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Mercer Inc.
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| Consulting-Times E-zine
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and Oliver, Wyman & Company today announced the signing of a definitive agreement to merge Oliver, Wyman & Company with Mercer’s financial services strategy and risk consulting units. The resulting business is to be known as Mercer Oliver Wyman and will become a major player in the financial services consultancy market, acting as an operating unit of Mercer Management Consulting.
Oliver, Wyman & Company’s chairman, John Drzik, who will assume the role of president of Mercer Oliver Wyman, commented: “Combining Oliver, Wyman & Company’s market-leading practices in strategy and risk management consulting with Mercer’s value-driven business design and actuarial consulting will create a financial services strategy and risk consulting practice that will be second to none in terms of quality and capability.”
Historically, Mercer has grown through a series of strategic acquisitions – succeeding where other consulting businesses have often failed. This successful track record enhances the likely returns from the Oliver Wyman deal, the completion of which would add approximately 425 consultants and support staff to Mercer’s headcount. The announcement comes two years after Mercer were believed to have been in discussions to buy the then faltering Arthur D Little.
For further details of the announcement see:
www.mercermc.com
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