Willis completes Russell Investments' Australian deal

Broker Willis Towers Watson (WTW) has completed the acquisition of Russell Investments’ Australian actuarial practice. The transaction was first  announced on February 16.

The deal enhances Willis Towers Watson’s retirement services team with the addition of 22 consultants based in Sydney and Melbourne.

"Our acquisition of the Russell Investments actuarial team is evidence of our commitment to, and willingness to invest in actuarial services," said Brad Jeffrey, head of WTW’s retirement business in Australasia.

"Our new consultants bring new points of view and skill sets in both traditional actuarial work and analytic solutions. We're also looking forward to sharing many of our ideas and solutions with their clients, including our approaches to assessing retirement adequacy, undertaking innovative modelling, communicating with members and producing retirement income estimates for members, including our new web-based calculation engine and our range of other technology-based tools."

Willis Towers Watson has been providing actuarial services in Australia for 35 years.

Jeffrey added: "We will quickly bond as a team and continue to deliver excellent services for our expanded client base in both traditional and new retirement solutions."

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