Aon Consulting Acquires London-based Market Intelligence Firm Z/Yen Limited
13 Marzo 2007 - 4:00PM
PR Newswire (US)
CHICAGO, March 13 /PRNewswire-FirstCall/ -- Aon Consulting, the
human capital consulting organization of Aon Corporation
(NYSE:AOC), announced today that its subsidiary, McLagan Partners,
has completed the acquisition of Z/Yen Limited, a London-based
market intelligence firm. Z/Yen Limited is a subsidiary of the
Z/Yen Group, and all other work undertaken by the Z/Yen Group such
as management consultancy, research and predictive software, are
unaffected by this change. The terms of the transaction are not
disclosed. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO ) McLagan
Partners, a leading pay and performance organization, offers
proprietary market studies and consulting services to firms in the
financial services industry. The acquisition of Z/Yen Limited will
complement McLagan's existing services by providing cost per trade
analysis and customer perception studies for the capital markets.
"The acquisition of Z/Yen Limited will provide tremendous value to
our clients through significant enhancement of our services," said
Andrew Appel, chief executive officer of Aon Consulting Worldwide.
"We are looking forward to expanding our global business
opportunities in the financial services market with the addition of
these capabilities." "Since 1999, Z/Yen Limited has measured cost
per trade and operational efficiency across the capital markets
industry and worked with over 30 major banks," said Jeremy Smith,
head of Z/Yen Limited. "We believe that integration with McLagan
Partners will enable us to extend our reach globally and provide a
more comprehensive analytical service to our clients." "The sale of
Z/Yen Limited makes strategic and operational sense for all
parties, and we are jointly delighted with this outcome," said
Michael Mainelli, executive chairman of the Z/Yen Group. For more
information contact: Sara Carlson 312-381-5045 About Aon Aon
Corporation ( http://www.aon.com/ ) is a leading provider of risk
management services, insurance and reinsurance brokerage, human
capital and management consulting, and specialty insurance
underwriting. There are 43,000 employees working in Aon's 500
offices in more than 120 countries. Backed by broad resources,
industry knowledge and technical expertise, Aon professionals help
a wide range of clients develop effective risk management and
workforce productivity solutions. Aon Consulting Worldwide (
http://www.aon.com/hcc ) is among the top global human capital
consulting firms, with 2006 revenues of $1.282 billion and 6,500
professionals in 117 offices worldwide. Aon Consulting is reshaping
the workplace of the future through benefits, talent management and
rewards strategies and solutions. In August 2006, Aon Consulting
was named the best employee benefit consulting firm by the readers
of Business Insurance magazine. This press release contains certain
statements related to future results, or states our intentions,
beliefs and expectations or predictions for the future which are
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from either
historical or anticipated results depending on a variety of
factors. Potential factors that could impact results include:
general economic conditions in different countries in which we do
business around the world, changes in global equity and fixed
income markets that could affect the return on invested assets,
fluctuations in exchange and interest rates that could influence
revenue and expense, rating agency actions that could affect our
ability to borrow funds, funding of our various pension plans,
changes in the competitive environment, our ability to implement
restructuring initiatives and other initiatives intended to yield
cost savings, our ability to execute the stock repurchase program,
our ability to obtain regulatory or legislative changes to permit
continuous sales of our supplemental Medicare health product,
changes in commercial property and casualty markets and commercial
premium rates that could impact revenues, changes in revenues and
earnings due to the elimination of contingent commissions, other
uncertainties surrounding a new compensation model, the impact of
investigations brought by state attorneys general, state insurance
regulators, federal prosecutors, and federal regulators, the impact
of class actions and individual lawsuits including client class
actions, securities class actions, derivative actions, ERISA class
actions, the impact of the analysis of practices relating to stock
options, the cost of resolution of other contingent liabilities and
loss contingencies, and the difference in ultimate paid claims in
our underwriting companies from actuarial estimates. Further
information concerning the Company and its business, including
factors that potentially could materially affect the Company's
financial results, is contained in the Company's filings with the
Securities and Exchange Commission.
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Sara Carlson of Aon Corporation, +1-312-381-5045, or Web site:
http://www.aon.com/ http://www.aon.com/hcc
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