| | Mercer Human Resource
Consulting has acquired
Pendia Associates, a
Swiss-based organisation
specialising in
retirement and
investment consulting
and pensions
administration services.
With the combined
operations, Mercer will
become one of the top
consultancies of its
type in Switzerland.
Pendia has 55
employees based in
Zurich and Nyon. Founded | |
|
| | in 1985 as a Swiss Life
subsidiary, it became an
independent partnership
in early 2006, following
a buyout.
Mercer has
approximately 100
employees in Switzerland
and offers retirement,
investment and HR
consulting and data
services operating
through its offices in
Geneva and Zurich.
For Mercer, the
expansion is part of a
global growth strategy. | |
|
| | “With its large share of
multinational companies
and the size of its
occupational pensions
market, Switzerland is a
key strategic market for
us”, said Simon O’Regan,
Mercer’s head of Europe.
“Pendia is an
excellent fit with our
business. Its services
complement our own and
we can achieve the
critical mass we are
seeking. The added
strength in pension
outsourcing is a | |
|
| | particular benefit in
the context of the
growing client demand
for bundled services.”
He added: “Pendia has
a strong reputation in
the market and has many
top-name multinational
clients that can benefit
from the greater
resource and breadth of
services in a global
organisation like ours.
We are delighted to be
joining forces.”
Pendia’s partner and
managing director, | |
|
| | Markus Meier, commented:
“Mercer has a formidable
reputation globally.
We’re excited to be part
of this leading
organisation where the
combination of Pendia’s
local strength and
Mercer’s extensive
resources will give us a
unique differentiator in
the Swiss marketplace.”
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