Aon completes merger with Hewitt Associates
Global provider of insurance brokerage and risk management services, Aon Corporation, announced it has completed its US$4.9 billion merger of Hewitt Associates with a subsidiary of Aon, creating Aon Hewitt.
The new firm will provide human capital consulting services, marking a milestone in Aon’s history, according to Greg Case, president and chief executive officer of Aon Corporation.
“Through Aon Hewitt, we will provide our clients with a broader portfolio of…products and services focused on what we believe are two of the most important topics facing today’s global economy — risk and people,” Case said.
The chairman and chief executive officer of former Hewitt Associates, Russ Fradin, will head Aon Hewitt.
AUTHOR
Milana Pokrajac
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
