EUROPE - Hewitt Associates has announced the formation of a strategic alliance with Wassum Investment Consulting, the Scandinavian investment advisor.
The arrangement follows last year's announcement that Hewitt is joining with Bacon & Woodrow, the European pensions and investment consultancy.
Combining Wassum's experience of Nordic markets with Hewitt and Bacon & Woodrow's wider European presence will expand the expertise available to clients of each firm.
Hewitt said Nordic institutional investors will benefit from increased insight into investment opportunities around the globe, while multi-national companies based outside of the region will gain access to more in-depth knowledge of Scandinavia and the Baltic States.
Nick Fitzpatrick, of Bacon & Woodrow will head the combined Hewitt and Bacon & Woodrow international investment practice. He said: The alliance has been forged in response to a growing trend for clients to view investment matters in a pan-European and global context. Our new relationship with Wassum is exciting both because it allows us to strengthen our international capabilities and to partner with an organisation recognised throughout Europe for its outstanding work.
Mats Langensjö, MD of Wassum Investment Consulting in Stockholm said: The Hewitt network brings research capabilities and experience in investment services and strategic pension management which fits with Wassum's growth and development plans.”
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