Mercer Human Resource Consulting
Mercer to expand in Switzerland through acquisition of the Benefit and Institutional Investor Consulting division of KPMG
Zurich and Geneva (ots)
Mercer Human Resource Consulting, a unit of Marsh & McLennan Companies, Inc., has announced that it has entered into a definitive agreement with the shareholders of KPMG Benefit Consulting to acquire their consulting business in Switzerland. The acquisition includes both Zurich- and Geneva-based operations. Terms of the agreement, which will add 24 employees to Mercer's Swiss team, were not disclosed.
"With this transaction, Mercer is greatly strengthening its presence and expertise in the Swiss market. It is also responding to the local growth in demand for actuarial, investment and pensions and benefit program consulting, as well as outsourced benefit administration," said Edouard Merette, Mercer's Executive Vice President responsible for European operations. "During the last few years, KPMG Benefit Consulting has established its position as one of the leading benefit consulting firms in Switzerland. This acquisition significantly enhances Mercer's local resourcing and market presence."
Mercer works with employers around the world to address a broad array of human resource issues through its specialist expertise in actuarial services, employee benefits, communication, benefit program administration and investment consulting, as well as compensation and human capital strategy. With the acquisition, Mercer will have approximately 100 staff at its offices in Zurich and Geneva.
Mr Merette added: "Switzerland is an important market for a global consulting firm such as Mercer. The addition of KPMG's expertise to our current team will greatly enhance our ability to serve the pension and employee benefits needs of Swiss domestic employers, multinationals headquartered in Switzerland and other global firms with operations in the country."
Notes to Editors:
Mercer Human Resource Consulting, one of the world's leading consulting organisations, helps employers create measurable business results through their people. With more than 13'000 employees serving clients from some 150 cities in 40 countries worldwide, the company is part of Mercer Inc., a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago, Pacific, and London stock exchanges. Website: www.mercerHR.com
Contact:
Alfred Raucheisen
KPMG - Corporate Communications
Phone: +41/1/249'28'75
E-Mail: kpmgmedia@kpmg.ch
Cameron Hannah
Mercer
Phone: +41/22/869'30'00
E-Mail: cameron.hannah@mercer.com
Jackie Barber (Mercer Press Office)
Phone: +44/20/79'63'31'43
E-Mail: mercer.pressoffice@mercer.com