Marsh & McLennan rebrands consulting units

Marsh & McLennan Cos. Inc. has consolidated its three top management consulting businesses to streamline the operations under one name and better compete for high value clients, according to Crain's New York Business. Mercer Oliver Wyman, Mercer Management Consulting and Mercer Delta units will be renamed the Oliver Wyman Group. The new group will have combined revenue of $1.3 billion and 2,500 employees in 40 cities around the world. "Our feeling was we should focus the Mercer brand on the human resources consulting area and build a brand on the elite management consulting space," said John Drzik, chief executive of the new Oliver Wyman Group. "We think they'll be a more powerful organization together as Oliver Wyman." Mercer Human Resource Consulting will continue to operate under the same name. Marsh & McLennan formed Mercer Oliver Wyman in 2003 following the acquisition of Oliver Wyman & Co. Since that merger, Mercer Oliver Wyman has become one of the top financial consulting firms in the United States. Most recently, the firm advised Citigroup Inc. on how to restructure its business before the firm’s massive job cut announcement.