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.
MAY 10, 2007
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.

Latest News

IRA assets swell to $19.2 trillion as 401(k) rollovers drive growth
IRA assets swell to $19.2 trillion as 401(k) rollovers drive growth

IRAs now hold nearly twice the assets of 401(k) plans — and most of that money didn't arrive through annual contributions.

Women feel confident about saving, but many still keep cash in low-yield accounts
Women feel confident about saving, but many still keep cash in low-yield accounts

A new survey finds that many women prioritize financial security but continue to leave savings in accounts that may not keep pace with inflation.

SEC seeks comment on prediction-market ETFs after May pause
SEC seeks comment on prediction-market ETFs after May pause

Roundhill, Bitwise and GraniteShares funds remain on hold while the agency weighs how novel ETFs should be regulated.

Dump investment banks, buy alternative asset managers, says Oppenheimer
Dump investment banks, buy alternative asset managers, says Oppenheimer

"Shares of alternative assets managers have lagged this year as investors grow wary of private-credit exposure."

TaxStatus rolls out rules-based tool to flag advice gaps
TaxStatus rolls out rules-based tool to flag advice gaps

The fintech platform is touting a new AI-free Planning Observations feature, which draws on IRS tax records to uncover opportunities for advisors.

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.