AUSTRIA - Hewitt Associates has bought Vienna-based human resources consulting company HeptaCon, expanding its Austrian HR consulting services in the process.
HeptaCon specialises in organisational, HR and leadership development, as well as educational management and training.
Bernhard Stieger who ran HeptaCon for ten years prior to the merger, will become Hewitt's market manager in Austria.
He said: "Combining the global network of Hewitt with the locally-based expertise of HeptaCon will enable us to cope with the most complex of HR challenges - including all the issues surrounding mergers and acquisitions of multinational companies."
Stieger replaces Paul Roettig, who will now focus on international projects within Hewitt.
Roger Parkin, European head of consulting for Hewitt, commented:
"The HR consulting market has grown considerably in the last two years and this acquisition will enable us to offer a broader range of services to our clients both within the German speaking markets and internationally."
In April, Hewitt announced it had opened a Russian office, to be headed by Natalia Tikhomirova, formerly a senior consultant at Deloitte CIS.
The Moscow-based office concentrates on HR consulting services, executive compensation and Hewitt’s consulting work within the Commonwealth of Independent States (CIS), which includes countries such as Ukraine and Kazakhstan.
The Environment Agency Pension Fund (EAPF) has joined a coalition of 88 investors to demand companies disclose more information on environmental impact.
The cross industry guaranteed minimum pension (GMP) equalisation working group has formed five sub-committees to each work on a key component of the guidance.
KAS Bank has launched an end-to-end cost transparency solution for defined contribution (DC) schemes to assist in the delivery of chair's statements.