Marsh subsidiary to acquire Asia talent consulting firm
Mercer, the consultancy unit of Marsh & McLennan, has acquired Human Resources Business Solutions (HRBS), a provider of career and talent consulting and information services to clients across Asia.
The company said the acquisition will extend Mercer’s offering in Asia in compensation and benefits expertise, an area of critical importance in the region’s high demand talent markets.
HRBS has offices in Hong Kong, Singapore, Shanghai and Beijing and employs approximately 45 professionals. The company is a dominant player in the compensation and benefits space for inbound multinationals and has established market leadership in the luxury goods, retail and apparel-sourcing sectors across Asia.
The firm will enhance Mercer’s portfolio in the areas of remuneration strategy, pay structure design, short- and long-term incentive design and performance management. It will also bring a range of regular surveys to Mercer clients.
Susan Haberman, Mercer’s talent business leader for growth markets, said: “Our clients across Asia are experiencing incredible growth and change and, as a result, they are facing new and greater complexities in talent management.
“HRBS has an excellent reputation for talent consulting combined with consistent, highly sought after information. The acquisition will strengthen Mercer’s competitive position in its core talent business and will fuel faster growth than we would have achieved organically. Together, we will bring the best possible information and solutions to our clients.”
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