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.
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