Mercer snaps up Oliver, Wyman

New angles

Mercer, a consulting division of New York-listed Marsh & McLennan, has bought specialist risk management and financial service practice consultants Oliver, Wyman & Company for an undisclosed sum.

The firms have been in talks for the past two years, but on February 25 an agreement was reached whereby 55 Oliver, Wyman partners and the majority of its staff will join two Mercer divisions, Mercer Management Consulting’s financial services practice and Mercer Risk, Finance & Insurance Consulting, to

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