The investment consultant is merging with the global professional services firm to create a new entity which will be called Towers Watson & Co. Both Watson Wyatt and Towers Perrin, whose services aim to aid its clients in improving their performance through effective employee, financial and risk management, will merge as equals.
As the merger is still subject to shareholder approval, events could lead to this particular union concluding similarly to an announced merger which happened earlier on in the year between Mercer Investment Consulting and Callan Associates. Both consultants originally agreed in February 2009 for Mercer to acquire Callan Associates but later backtracked in April, stating that both firms have opted to grow their advisory businesses separately. If this fate also lies in wait for the Watson Wyatt and Towers Perrin merger, only time will tell.
Watson Wyatt Investment Consulting offers consulting services on a number of other alternative asset classes to institutional investors. The new entity will be operational in over 30 countries and employ approximately 14,000 people. Profiles of private equity investment consultants and advisors are available to premium subscribers of Preqin’s Investor Intelligence. If you would like more information you can sign up for a free trial of Investor Intelligence.