Region's growth potential lures Watson Wyatt - Regional
Region's growth potential lures Watson Wyatt - Regional
Sunday, July 6, 2008
(BNamericas.com) - Latin America's growth potential and important multinational clients operating in the region provide consulting firm Watson Wyatt (NYSE: WW) with a good environment to continue growth of its human capital and financial management services, Néstor Azcune, Watson Wyatt's managing consultant of Argentina told BNamericas.
Last week the company closed the acquisition of Buenos Aires-based HR and financial services consulting firm Marcu & Asociados and on July 3 clinched a marketing alliance with Peru's fourth largest insurance broker Mariategui JLT Corredores de Seguros to provide compensation and employee benefit consulting services to employers in the country.
The deals are in line with Watson Wyatt's strong growth plans for the region in Latin America, Azcune said.
"Marcu & Asociados was an interesting target due to their relevance in the Argentinean market, their client relationships and team," he said.
Azcunde said the deal will bring Watson Wyatt to lead the market in all the areas where it works: compensation consulting, data services, benefits and retirement consulting, actuarial services and consulting to financial and insurance companies.
In the last three years, Watson Wyatt has opened a consulting office in Chile and a research services center in Uruguay. It has also made strong growth investments in Brazil as well as expansion investments in Colombia, Azcune said.
"Latin America is a key component of our group's global strategy, especially in terms of the region's growth potential and the important clients operating in our countries, both subsidiaries of multinationals and local companies," Azcune said.
Watson Wyatt is a global consulting firm focused on human capital and financial management specializing in four areas: employee benefits, insurance and financial services, human capital strategies and technology solutions.
The company has 7,000 associates in 32 countries....
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