Mercer Human Resource Consulting

Mercer to expand in Switzerland through acquisition of the Benefit and Institutional Investor Consulting division of KPMG

    Zurich and Geneva (ots) - Mercer Human Resource Consulting, a unit
of Marsh & McLennan Companies, Inc., has announced that it has
entered into a definitive agreement with the shareholders of KPMG
Benefit Consulting to acquire their consulting business in
Switzerland.  The acquisition includes both Zurich- and Geneva-based
operations.  Terms of the agreement, which will add 24 employees to
Mercer's Swiss team, were not disclosed.
    
    "With this transaction, Mercer is greatly strengthening its
presence and expertise in the Swiss market.  It is also responding to
the local growth in demand for actuarial, investment and pensions and
benefit program consulting, as well as outsourced benefit
administration," said Edouard Merette, Mercer's Executive Vice
President responsible for European operations. "During the last few
years, KPMG Benefit Consulting has established its position as one of
the leading benefit consulting firms in Switzerland.  This
acquisition significantly enhances Mercer's local resourcing and
market presence."
    
    Mercer works with employers around the world to address a broad
array of human resource issues through its specialist expertise in
actuarial services, employee benefits, communication, benefit program
administration and investment consulting, as well as compensation and
human capital strategy.  With the acquisition, Mercer will have
approximately 100 staff at its offices in Zurich and Geneva.
    
    Mr Merette added: "Switzerland is an important market for a global
consulting firm such as Mercer.  The addition of KPMG's expertise to
our current team will greatly enhance our ability to serve the
pension and employee benefits needs of Swiss domestic employers,
multinationals headquartered in Switzerland and other global firms
with operations in the country."
        
    Notes to Editors:
    
    Mercer Human Resource Consulting, one of the world's leading
consulting organisations, helps employers create measurable business
results through their people. With more than 13'000 employees serving
clients from some 150 cities in 40 countries worldwide, the company
is part of Mercer Inc., a wholly owned subsidiary of Marsh & McLennan
Companies, Inc., which lists its stock (ticker symbol: MMC) on the
New York, Chicago, Pacific, and London stock exchanges.  Website:
www.mercerHR.com
    
ots Originaltext: Mercer Human Resource Consulting
Internet: www.newsaktuell.ch

Contact:
Alfred Raucheisen
KPMG - Corporate Communications
Phone:  +41/1/249'28'75
E-Mail: kpmgmedia@kpmg.ch

Cameron Hannah
Mercer
Phone:  +41/22/869'30'00
E-Mail: cameron.hannah@mercer.com

Jackie Barber (Mercer Press Office)
Phone:  +44/20/79'63'31'43
E-Mail: mercer.pressoffice@mercer.com



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