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Towers Watson has increased its shareholding in Fifth Quadrant, the independent South African actuarial and employee benefits consultancy, to 51% in line with a definitive agreement reached in March 2011. The companies first agreed to a strategic alliance in June 2008. Ant Lester, founding Managing Director of Fifth Quadrant said: "Over the years our relationship with Towers Watson has significantly enhanced the service we can provide to clients, including global companies with operations in southern Africa, as well as enabling us to advise southern African firms on global best practice. This is a further definitive step in that relationship and we look forward to joining the Towers Watson family and their greater involvement in the development of our business in the future."
Paul Morris, Regional Manager, EMEA for Towers Watson said: "We are delighted to have reached this stage in our relationship with Fifth Quadrant as it cements an already excellent strategic fit with the two companies sharing similar values of innovation, commitment to clients and collaborative working." |
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