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Marsh & McLennan Companies, Inc. (NYSE: MMC) today completed the acquisition of Jardine Lloyd Thompson Group plc (JLT) for $5.6 billion in fully diluted equity value, furthering its role as the world’s preeminent professional services firm in the areas of risk, strategy and people. |
“Today marks the beginning of a new era with Marsh & McLennan and JLT coming together. This is a combination of strength and strength, and the primary focus is growth – in talent, capabilities, revenue and earnings,” said Dan Glaser, President and Chief Executive Officer, Marsh & McLennan Companies. The impact on Mercer in the UK is significant as we welcome over 1500 new colleagues. Benoit Hudon, Mercer’s UK Head of Wealth, said: “We are excited to welcome our new colleagues and the additional expertise and experience they will bring to Mercer. Our shared number one priority is delivering great outcomes for our clients and now we have an even broader arsenal of capabilities, talent and solutions to help us do so.” Tony Wood, UK Head of Mercer Marsh Benefits, said: “Mercer and JLT’s offerings complement each other in a powerful way. We can already envisage how the added diversity of thought and capabilities will further enhance our employee benefit proposition and ultimately benefit our clients.” Bala Viswanathan, Chief Operating Officer for Mercer, said: “Mercer and JLT, both, have a shared passion for client focus and fierce determination to be leaders in their field. I am confident that together we will be able to deliver exceptional service and unrivalled proposition for our clients. Combining our wealth of capabilities and expertise will make us a powerful player in the market, and I look forward to seeing the new and exciting opportunities this will deliver in the future.”
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