Thursday, July 14, 2011

Aon Hewitt Wins 30 New Delegated Investment Consulting Clients Globally

Aon Hewitt, the global human resources consulting and outsourcing business of Aon Corporation (NYSE: AON), has announced that its global investment consulting business (operating as Hewitt EnnisKnupp(1) in the U.S.) has won 30 new delegated investment consulting clients around the world since the start of 2011. In its role as delegated investment consultant, Aon Hewitt is given the authority by the pension plan's fiduciary committee to rebalance plan portfolios and, often, for the retention or termination of plan investment managers.

Since announcing the offering in 2009, Aon Hewitt has won 63 delegated investment consulting clients. Currently, total assets under advisement exceed $17 billion.

"We are excited to have been selected to provide delegated investment consulting services by these plan sponsors," said Kemp Ross, head of U.S. Investment Solutions at Aon Hewitt. "Our delegated investment services provide plan sponsors with a more efficient and effective way to manage their plans amidst an increasingly complex and highly volatile investment environment. We believe plan sponsors choose to partner with us because our solution reflects our actuarial, risk management and global investment management expertise provided through a single point of accountability."

Aon Hewitt's delegated investment services leverage Aon Hewitt's global research and pension risk management solutions to help plan sponsors better understand and manage the assets and liabilities in their pension plans. Using its pension risk management tools, Aon Hewitt is able to monitor the assets and liabilities of a company's pension plan on a frequent basis. This enables quicker, more informed investment decisions and better management of surplus risk.

About Aon Hewitt

Aon Hewitt is the global leader in human resource consulting and outsourcing solutions. The company partners with organizations to solve their most complex benefits, talent and related financial challenges, and improve business performance. Aon Hewitt designs, implements, communicates and administers a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. With more than 29,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. For more information on Aon Hewitt, please visit www.aonhewitt.com.

About Aon

Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human resources solutions and outsourcing. Through its more than 59,000 colleagues worldwide, Aon unites to deliver distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally in over 120 countries. Named the world's best broker by Euromoney magazine's 2008, 2009 and 2010 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on revenues in 2007, 2008 and 2009, and Aon was voted best insurance intermediary 2007-2010, best reinsurance intermediary 2006-2010, best captives manager 2009-2010, and best employee benefits consulting firm 2007-2009 by the readers of Business Insurance. Visit http://www.aon.com for more information on Aon and http://www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.

No comments: