Mercer gains staff from 23 countries

Pensions and investment consultancy Mercer has added people from 23 countries, the firm said as it announced the close of its parent company’s acquisition of a UK consultancy.

Mercer’s parent, US-based Marsh & McLennan Companies, has completed the acquisition of Jardine Lloyd Thompson (JLT) Group plc for $5.6 billion (€4.9 billion) in fully diluted equity value.

More than 10,000 JLT people will join Marsh & McLennan, including its investment consultancy business. 

Marsh said many of JLT’s top executives have been named to leadership positions within Marsh & McLennan, including Mercer.

Former JLT chief executive Dominic Burke joins Marsh & McLennan as vice chairman and a member of the executive committee. 

The acquisition builds on Marsh & McLennan’s efforts to expand in “faster-growing geographies and market segments and invest in data and analytics while enhancing its capabilities across insurance brokerage, retirement and benefits”, the company said.

©2019 funds europe

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