WASHINGTON, June 23 /PRNewswire-FirstCall/ -- Watson Wyatt Worldwide, a leading global consulting firm, announced today the acquisition of Marcu & Asociados, a top HR and financial services consulting firm in Argentina.
Established in 1990, Marcu & Asociados provides services in the area of compensation consulting, salary and benefit surveys, employer healthcare consulting, pension plan consulting and administration, and insurance company actuarial services. It employs a staff of 37 associates, all of which are located in Buenos Aires.
"This acquisition positions Watson Wyatt as the clear leader in Argentina in providing human resources and actuarial consulting services to multinational and local companies," said Peter Mills, Watson Wyatt's Latin America region manager. "It also further demonstrates our strong commitment to the entire Latin American region." The deal continues Watson Wyatt's steady expansion in Latin America. In the last three years, Watson Wyatt has opened a consulting office in Chile and a research services center in Uruguay, and now augmented its resources in Argentina.
"Like Watson Wyatt, Marcu & Asociados is built on a foundation of excellent client relationships and high quality work," said Nestor Azcune, Watson Wyatt's Argentina country manager. "Our combination of resources will provide unparalleled breadth and depth of expertise to clients in Argentina." "Becoming part of Watson Wyatt is a great opportunity for our clients," said Daniel Marcu, President of Marcu & Asociados. "Watson Wyatt's core values, including its strong focus on client relationships, align with ours. Clients will continue to receive the excellent service and quality they have been accustomed to, and will benefit from the combined team's deeper and broader capabilities." About Watson Wyatt Worldwide Watson Wyatt (NYSE:WWNASDAQ:WW) is the trusted business partner to the world's leading organizations on people and financial issues. The firm's global services include: managing the cost and effectiveness of employee benefit programs; developing attraction, retention and reward strategies; advising pension plan sponsors and other institutions on optimal investment strategies; providing strategic and financial advice to insurance and financial services companies; and delivering related technology, outsourcing and data services. Watson Wyatt has 7,000 associates in 32 countries and is located on the Web at http://www.watsonwyatt.com/.
About Marcu & Asociados Marcu & Asociados is a leading consulting firm specialized in helping companies optimize their human resource, risk and financial management. In its 18 years of successful history, it has helped clients in Latin America address a variety of issues related to compensation strategies, employee benefit schemes, salary surveys as well as actuarial and strategic counseling to the financial services industry. DATASOURCE: Watson Wyatt Worldwide CONTACT: David Popper of Watson Wyatt Worldwide, +1-703-258-7582, Web site: http://www.watsonwyatt.com/
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