Deals & People September 12, 2007

Mercer Drops HR from Name to Reflect Range of Business

Mercer is the new brand identification for Mercer Human Resource Consulting, effective immediately.
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In a news release, Mercer said its new global brand initiative reflects the firm’s full range of consulting, outsourcing and investment services, which extend beyond the category of human resource consulting.

“The fact is… that Mercer provides a much broader array of solutions than those for which we have traditionally been known, and our business growth is fueled by a number of new initiatives,” said M. Michele Burns, Chairman and Chief Executive Officer of Mercer, in the news release.

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Mercer is communicating its range of capabilities and its name change through a new advertising campaign, the creation of a new summary of its corporate capabilities (at www.mercer.com/globalcapabilities), and the launch of a newly redesigned Web site, www.mercer.com.

Mercer’s global client base includes nine of ten Fortune 100 firms, three of four Fortune 1000 firms, two of three FTSE 100 firms and a majority of Nikkei 225 firms, according to the company. Some 60% of Mercer’s clients are located in Europe, Asia/Pacific and Latin America.

Deals & People September 12, 2007

Hewitt Creates Defined Contribution Consulting Group

Hewitt Associates has established a U.S. Defined Contribution (DC) Consulting practice.
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The newly-formed practice will offer defined contribution services, including strategy and plan design, cost and risk management, investment consulting, behavioral finance, administration, communication, and legal and compliance consulting, according to Hewitt.

In addition, the DC Consulting practice will be available to provide companies with retirement consulting and outsourcing solutions.

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“As employees are encouraged to take more responsibility for their health and financial futures, defined contribution plans will continue to play an increasingly important role,” said Mary Moreland, leader of Hewitt’s Retirement and Financial Management business in North America, in a company announcement.

The new unit will be led by Alison Borland, who has spent more than a decade helping organizations navigate the challenges and risks associated with retirement income and postretirement welfare programs, with a focus on defined benefit and defined contribution strategy and design.

Prior to being appointed to her new role, Borland was a principal and senior benefits consultant in Hewitt’s Retirement and Financial Management business.

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