Willis Tower Watson buys Australian actuarial offices of Russell Investments

30 March 2017 Consultancy.uk

Willis Tower Watson has acquired Russell Investments' Australian actuarial offices for an undisclosed sum. The deal sees 22 consultants and around 50 client relationships, and offices in Sydney and Melbourne, transfer to the global professional services firm.

Russell Investments is a global asset management firm, which was last year acquired by TA Associates and Reverence Capital Partners. The firm is active across the globe, with around 1,700 associates in 21 offices, managing around $258.1 billion in assets across the globe.

The acquisition of Russell Investments’ Australian actuarial practice by Willis Towers Watson, sees the transfer of around 22 consultants to the buyer's operation in Australia; in addition, the firm will have access to around 50 client relationships across a gamut of sectors, including corporate, government, master trust and industry funds.

Willis Towers Watson acquires Australian actuarial offices from Russell Investments

The value of the deal for the Sydney and Melbourne offices was not disclosed. The firm expects the integration of the offices to go relatively smoothly, Brad Jeffrey, Head of Willis Towers Watson’s Retirement business in Australasia, remarks “Our new colleagues are highly experienced and I am confident that culturally, as well as technically, 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.”

Commenting on the deal as a whole, Jeffrey says, “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.”


SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”