Watson Wyatt maintains momentum
Australian operations, particularly in the superannuation sector, have helped drive global financial services consulting firm Watson Wyatt to report a 14 per cent increase in total revenue to US$1.49 billion.
According to Watson Wyatt Australia managing director Andrew Boal, growth was strong across all divisions in the group, with revenue growth of more than 10 per cent experienced across all lines of business.
Boal attributed the company’s strong performance in Australia to the performance of its Retirement and Investment Consulting Practices, coupled with major wins such as being named strategic adviser to the Future Fund.
He said this had contributed to healthy local revenue growth in Australia.
“Looking ahead, we expected the Retirement and Investment Practices to continue to form the backbone of our business in Australia for the next few years at least,” Boal said.
He said the company saw increased opportunities for the Retirement Practice to provide actuarial services to public sector superannuation funds — an area which had not been a previous focus.
AUTHOR
Mike Taylor
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