GLOBAL - Marsh & McLennan Companies (MMC) today said that it will merge the defined contribution administration business of Putnam Investments with Mercer HR Outsourcing to create a new full-service global human resources outsourcing firm.
The new company to be called Mercer HR Outsourcing will have combined annual revenues of approximately $500m worldwide and will have employees of Putnam and Mercer, both subsidiaries of MMC. Mer...
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