Bacon & Woodrow's employee benefits practice to join Hewitt
Both firms will begin immediately to cooperate on client service in anticipation of a formal integration.
Only Bacon & Woodrow's employee benefits practice, including investment consulting, plans to join with Lincolnshire, Ill.-based Hewitt. Bacon & Woodrow's insurance practice plans to merge with tax, advisory and management consulting firm Deloitte & Touche.
The merged employee benefit operations of Bacon & Woodrow and Hewitt will provide a wide range of financial management consulting services (e.g., actuarial, strategic pensions and investment), as well as human resource management and administration consulting services. In addition, the two firms intend to create a global investment consultancy based on their investment consultancies in the United Kingdom and North America.
"The employee benefits and insurance markets are now firmly global in nature and we have been exploring ways to develop market leading consulting services for this global stage," said Graham Farren, managing partner of Bacon & Woodrow. "These changes will create the most effective structure to service the growing international needs of our clients and provide exceptional development opportunities for our staff."
Edited by Steve Tarnoff
Managing Editor, HRHub.com
Starnoff@vertical.net