Marsh & McLennan to Buy Consulting Firm Oliver Wyman
Julavits, Robert, American Banker
Marsh & McLennan Cos., the New York professional services firm, has agreed to acquire Oliver, Wyman & Co., a financial services consultant also based in New York.
The deal, announced Monday, is expected to close on April 7. Marsh & McLennan did not say how much they would pay.
Oliver Wyman would be merged with two of Marsh & McLennan's Mercer Inc. consulting units: Mercer Management Consulting's financial services practice, which focuses on commercial banking and property and casualty insurance, and Mercer Risk, Finance and Insurance Consulting, which provides modeling and risk valuation for insurance companies and government entities.
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Publication information: Article title: Marsh & McLennan to Buy Consulting Firm Oliver Wyman. Contributors: Julavits, Robert - Author. Magazine title: American Banker. Volume: 168. Issue: 38 Publication date: February 25, 2003. Page number: 2. © 2009 SourceMedia, Inc. COPYRIGHT 2003 Gale Group.
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