Baringa Partners has been named Energy Risk's ‘Consultancy of the Year'. The award caps a remarkable year for the firm which focuses on the energy, utilities and financial markets. Over the last 12 months Baringa Partners has created a new Energy Advisory Services Practice; merged its operations with another leading energy consultancy, Redpoint Energy; and established a permanent presence in continental Europe.
Commenting on the award, partner Dan Look, head of Wholesale Energy at Baringa Partners, said: "We set out to create a one-stop-shop for energy consulting and it's pleasing to receive the recognition for what we have achieved. Our energy team today comprises more than 150 energy industry experts across three areas: Energy Advisory Services, Energy Retail and Utilities, and Wholesale Energy. Today we can help clients with policy, regulation, strategy and implementation projects via one of Europe's largest teams of dedicated energy consultants."
Showing posts with label Risk Management Consulting. Show all posts
Showing posts with label Risk Management Consulting. Show all posts
Thursday, May 31, 2012
Tuesday, November 15, 2011
Pinkerton Consulting & Investigations Acquires Northern Investigative Associates in Alaska
Pinkerton Consulting and Investigations today announced that it has acquired the investigative firm Northern Investigative Associates (NIA) in Anchorage, Alaska. NIA is an industry leader in providing investigative services in the State of Alaska for a wide variety of clients.
The acquisition of NIA will strengthen Pinkerton's geographical footprint in the Northwest and allow us to provide direct services to our clients in Alaska. The acquisition is consolidated into Pinkerton Consulting and Investigations as of November 8, 2011. "We are extremely pleased to add a high quality investigative niche firm in Alaska to the Pinkerton family," said Robert Dodge, CPP vice president of the Western Region for Pinkerton.
About Pinkerton
For over 161 years the Pinkerton name has evoked memories of America's first detective agency. Today, Pinkerton Consulting and Investigations is a leading global provider of security, investigations and risk management services, with offices located in North America, Latin America, Europe and Asia. Pinkerton is a division of Securitas, a global leader in security services with 295,000 employees in 49 countries. For more information, visit: http://www.securitas.com/pinkerton/en/
The acquisition of NIA will strengthen Pinkerton's geographical footprint in the Northwest and allow us to provide direct services to our clients in Alaska. The acquisition is consolidated into Pinkerton Consulting and Investigations as of November 8, 2011. "We are extremely pleased to add a high quality investigative niche firm in Alaska to the Pinkerton family," said Robert Dodge, CPP vice president of the Western Region for Pinkerton.
About Pinkerton
For over 161 years the Pinkerton name has evoked memories of America's first detective agency. Today, Pinkerton Consulting and Investigations is a leading global provider of security, investigations and risk management services, with offices located in North America, Latin America, Europe and Asia. Pinkerton is a division of Securitas, a global leader in security services with 295,000 employees in 49 countries. For more information, visit: http://www.securitas.com/pinkerton/en/
Friday, September 9, 2011
Hitachi Consulting UK Delivers Integrated Risk Management System for Co-operative Group, Harnessing Financial and Operational Efficiencies
Hitachi Consulting UK has announced that it has completed implementation of an integrated risk management and claims processing system on behalf of the Co-Operative Group Risk and Insurance Department. In addition to enabling faster risk mitigation, the Co-Operative Group is also reaping more than £800K per annum by removing duplication of effort and establishing improved methods for the collection, sharing, presentation and dissemination of information. The Group estimates it will gain a 15% reduction in loss adjuster fees, and 2.5% reduction in incidents and resultant claims, along with reduction in its third party costs, as well as the ability to amend its compliance with civil procedure rules for motor road traffic accidents.
The Microsoft SharePoint 2010 solution helps to identify higher risks faster, enabling the Co-operative Group to be much more proactive in its approach to risk management across all of its varying businesses. The company is now able to gain a risk profile and trend pattern of every branch within the Group, such as burglaries, as well as fire safety and compliance inspections. Once all systems are live, the Co-operative Group is also expected to be able to gain a risk profile of environmental compliance, thereby enabling greater efficiencies of the Group’s risk assessment teams in the field by dictating workloads, areas of priority, branch evaluation and better use of resources. As a result, it is expected that the Group will have the ability to implement bespoke training and learning requirements through its Learning Management System that are specifically tailored to risk for each individual branch.
"We wanted a consistent approach on how we managed risk findings, as well as addressing the lack of clarity, and duplication from multiple systems," said Phil Willsmer, Director of Operational Risk for the Co-operative Group. "Hitachi Consulting UK provided us with both onshore and offshore consultants to establish a framework upon which our business applications could be rapidly assembled. The framework was designed from the outset to be accessed by the wider community within the Co-Operative Group of over 100,000 people through self-service and departmental portals and mobile applications, which is regularly updated through enterprise-wide content management."
The solution was deployed in a series of phases. The initial phase went live at end of January 2011 and included case management functionality for the management of incidents, accidents and claims, as well as integration with the company’s Learning Management System (LMS). Subsequent phases around data protection also went live in January 2011, with business continuity to follow later in the year. By the end of 2011, it is expected that the system will be going live for every business across the Group.
"We’ve seen a very quick return on investment by identifying high risks sooner," concluded Willsmer. "We can identify something as it is occurring, flag it to the business and have influence on decisions being made by providing them with a true picture of risk. We can also look at the impact of certain decisions, and the cost and risks to factor into the equation, which is extremely powerful."
Hitachi Consulting UK is also expected to provide ongoing support for the solution as part of its Managed Services Division.
The Microsoft SharePoint 2010 solution helps to identify higher risks faster, enabling the Co-operative Group to be much more proactive in its approach to risk management across all of its varying businesses. The company is now able to gain a risk profile and trend pattern of every branch within the Group, such as burglaries, as well as fire safety and compliance inspections. Once all systems are live, the Co-operative Group is also expected to be able to gain a risk profile of environmental compliance, thereby enabling greater efficiencies of the Group’s risk assessment teams in the field by dictating workloads, areas of priority, branch evaluation and better use of resources. As a result, it is expected that the Group will have the ability to implement bespoke training and learning requirements through its Learning Management System that are specifically tailored to risk for each individual branch.
"We wanted a consistent approach on how we managed risk findings, as well as addressing the lack of clarity, and duplication from multiple systems," said Phil Willsmer, Director of Operational Risk for the Co-operative Group. "Hitachi Consulting UK provided us with both onshore and offshore consultants to establish a framework upon which our business applications could be rapidly assembled. The framework was designed from the outset to be accessed by the wider community within the Co-Operative Group of over 100,000 people through self-service and departmental portals and mobile applications, which is regularly updated through enterprise-wide content management."
The solution was deployed in a series of phases. The initial phase went live at end of January 2011 and included case management functionality for the management of incidents, accidents and claims, as well as integration with the company’s Learning Management System (LMS). Subsequent phases around data protection also went live in January 2011, with business continuity to follow later in the year. By the end of 2011, it is expected that the system will be going live for every business across the Group.
"We’ve seen a very quick return on investment by identifying high risks sooner," concluded Willsmer. "We can identify something as it is occurring, flag it to the business and have influence on decisions being made by providing them with a true picture of risk. We can also look at the impact of certain decisions, and the cost and risks to factor into the equation, which is extremely powerful."
Hitachi Consulting UK is also expected to provide ongoing support for the solution as part of its Managed Services Division.
Wednesday, August 31, 2011
Global Risk Management Firm Clayton Consultants' Exclusivity Provision Lifted Crisis Response Services Available Shortly for All Insurance and Private
Clayton Consultants, a global risk and crisis management consultancy, announced today that its crisis response and prevention services will be available to multiple insurance carriers and private clients.
Clayton Consultants specializes in providing response and prevention services related to incidents of kidnap for ransom, extortion, malicious product tampering and piracy. The company will end its eight-year, exclusive arrangement effective November 30, 2011.
According to Armand Gadoury, managing director at Clayton Consultants, "Since our inception, we have provided pre-incident consultation to thousands of multinational corporations and families, and have successfully responded to hundreds of cases. The most pressing question we receive from brokers and clients is whether they can access our services while having a greater choice of insurance providers. Unfortunately, for clients accessing our services through insurance channels, their choices have been restricted."
Crisis management consulting firms commonly have strong channel partnerships with a single insurance company. Gadoury added, "This past year has been the most active in Clayton's history as an increasing number of organizations recognized the strength of our response team and turned to us as their first choice. Previously, our clients were restricted to one option for insurance coverage. Now they will be able to choose."
Multinational corporations and private clients worldwide have relied on the experience, local knowledge and professionalism of Clayton's global consultant team. Clayton Consultants utilizes a unique operational model by employing geographically dispersed, tenured consultants with extensive regional expertise. "We take pride in our select, global consultant team and plan on maintaining and expanding this cadre of response professionals as Clayton continues to grow without the restrictions of exclusivity," Gadoury added.
About Clayton Consultants
Clayton Consultants is a global risk and crisis management consultancy that provides clients with effective solutions to mitigate risk. The company specializes in crisis and risk consulting, security management, executive protection and training. Its consultants are experts in their fields-helping clients identify, understand and mitigate a wide range of business risks. Strategically positioned across the globe, Clayton's consultants support clients in an advisory capacity based on their intimate knowledge of the local culture, politics and security issues. Today, the consultancy represents client interests in Africa, Asia, Australia, Europe, Latin America, the Middle East and the United States.
Clayton Consultants specializes in providing response and prevention services related to incidents of kidnap for ransom, extortion, malicious product tampering and piracy. The company will end its eight-year, exclusive arrangement effective November 30, 2011.
According to Armand Gadoury, managing director at Clayton Consultants, "Since our inception, we have provided pre-incident consultation to thousands of multinational corporations and families, and have successfully responded to hundreds of cases. The most pressing question we receive from brokers and clients is whether they can access our services while having a greater choice of insurance providers. Unfortunately, for clients accessing our services through insurance channels, their choices have been restricted."
Crisis management consulting firms commonly have strong channel partnerships with a single insurance company. Gadoury added, "This past year has been the most active in Clayton's history as an increasing number of organizations recognized the strength of our response team and turned to us as their first choice. Previously, our clients were restricted to one option for insurance coverage. Now they will be able to choose."
Multinational corporations and private clients worldwide have relied on the experience, local knowledge and professionalism of Clayton's global consultant team. Clayton Consultants utilizes a unique operational model by employing geographically dispersed, tenured consultants with extensive regional expertise. "We take pride in our select, global consultant team and plan on maintaining and expanding this cadre of response professionals as Clayton continues to grow without the restrictions of exclusivity," Gadoury added.
About Clayton Consultants
Clayton Consultants is a global risk and crisis management consultancy that provides clients with effective solutions to mitigate risk. The company specializes in crisis and risk consulting, security management, executive protection and training. Its consultants are experts in their fields-helping clients identify, understand and mitigate a wide range of business risks. Strategically positioned across the globe, Clayton's consultants support clients in an advisory capacity based on their intimate knowledge of the local culture, politics and security issues. Today, the consultancy represents client interests in Africa, Asia, Australia, Europe, Latin America, the Middle East and the United States.
Tuesday, July 19, 2011
Risk International Opens Asia Office, Adds New Facility Risk Management Services
Risk International, a leading risk management consulting company, has opened its first Asian office. The new office in Singapore is the firm’s second new international location in the last 18 months. Their London office opened in March 2010.
“As our clients have growing needs in Asia, we continue to grow with them,” said Michael Davis, Risk International President and CEO. “Since 20 percent of our clients’ production and processes are in Asia, it makes sense for us to expand our presence there. As China rapidly expands, its manufacturing cost structure is approaching Western levels. Many companies are now looking to Southeast Asia — instead of China — to produce products at a lower cost. It’s definitely the place to be, and Singapore is the hub.”
Risk International’s Singapore office will provide the company’s full suite of risk management consulting, outsourced risk management, claims mitigation, loss prevention, claims recovery and due diligence services. Risk International also will offer new facility risk management and site security services from its Singapore location. These services help global customers manage unfamiliar risks arising in Asia’s developing economies.
“We’re excited to offer site security services to customers in Southeast Asia and all over the world,” said Doug Talley, Risk International Chairman. “There is a $180 billion global market for these services, and this underserved area of the world provides a great launch point for our newest service offering.”
Facility risk management specializes in the mitigation of losses to physical infrastructure and assets, such as buildings and employees. The service can include broad assessments of national and political risks and their potential effect on assets, as well as local assessments of a facility’s relationship with its community.
“We can suggest various ways to minimize risks to corporate assets,” said Mr. Davis. “Maybe it’s as easy as hosting an event to build goodwill with the local community. Or, in another instance, crafting a different name for the entity might be advisable. We can typically assess a plant in a day or two and provide meaningful advice at a great value.”
Erick Schirmer named head of Risk International Singapore
To drive efforts in Asia, Risk International has welcomed Erick Schirmer as head of the new Singapore office.
Since 2001, Mr. Schirmer has lived and worked in Asia. He has consulted with numerous multinational companies on challenges of the dynamic, yet unpredictable, Asian markets. Mr. Schirmer has provided clients business intelligence and due diligence, political and security risk analysis, business ethics and anti-corruption, business continuity, crisis management and brand protection/anti-counterfeiting services throughout his career.
“Erick brings to Risk International experience in assessing risks such as flood, earthquake, unrest and other issues facing the area and firsthand knowledge of Southeast Asian culture,” said Mr. Davis.
“Asian markets are fast-growing, but sometimes uncertain,” said Mr. Schirmer. “From our new Singapore office, Risk International is well positioned to help companies identify risks to their business, develop a plan to manage and mitigate them and prepare to take full advantage of business opportunities in Asia.”
About Risk International
Risk International is a leading risk management consulting company with total outsourcing, insurance claim recovery and missing policy research capabilities. It serves clients worldwide, collaborating with them to improve risk management practices, reduce the total cost of risk and realize competitive advantages inherent in well-managed risk.
One of the top three risk management consulting companies in the U.S., according to Business Insurance magazine, Risk International is a 4-year recipient of the magazine’s Silver Circle Award for service, value, quality and innovation.
Founded in 1986, Risk International is headquartered in Fairlawn, Ohio, with offices in Charlotte, London and Singapore. The firm has been named one of the Weatherhead 100 fastest growing companies in Northeast Ohio.
For more information, see http://www.riskinternational.com/about.htm.
“As our clients have growing needs in Asia, we continue to grow with them,” said Michael Davis, Risk International President and CEO. “Since 20 percent of our clients’ production and processes are in Asia, it makes sense for us to expand our presence there. As China rapidly expands, its manufacturing cost structure is approaching Western levels. Many companies are now looking to Southeast Asia — instead of China — to produce products at a lower cost. It’s definitely the place to be, and Singapore is the hub.”
Risk International’s Singapore office will provide the company’s full suite of risk management consulting, outsourced risk management, claims mitigation, loss prevention, claims recovery and due diligence services. Risk International also will offer new facility risk management and site security services from its Singapore location. These services help global customers manage unfamiliar risks arising in Asia’s developing economies.
“We’re excited to offer site security services to customers in Southeast Asia and all over the world,” said Doug Talley, Risk International Chairman. “There is a $180 billion global market for these services, and this underserved area of the world provides a great launch point for our newest service offering.”
Facility risk management specializes in the mitigation of losses to physical infrastructure and assets, such as buildings and employees. The service can include broad assessments of national and political risks and their potential effect on assets, as well as local assessments of a facility’s relationship with its community.
“We can suggest various ways to minimize risks to corporate assets,” said Mr. Davis. “Maybe it’s as easy as hosting an event to build goodwill with the local community. Or, in another instance, crafting a different name for the entity might be advisable. We can typically assess a plant in a day or two and provide meaningful advice at a great value.”
Erick Schirmer named head of Risk International Singapore
To drive efforts in Asia, Risk International has welcomed Erick Schirmer as head of the new Singapore office.
Since 2001, Mr. Schirmer has lived and worked in Asia. He has consulted with numerous multinational companies on challenges of the dynamic, yet unpredictable, Asian markets. Mr. Schirmer has provided clients business intelligence and due diligence, political and security risk analysis, business ethics and anti-corruption, business continuity, crisis management and brand protection/anti-counterfeiting services throughout his career.
“Erick brings to Risk International experience in assessing risks such as flood, earthquake, unrest and other issues facing the area and firsthand knowledge of Southeast Asian culture,” said Mr. Davis.
“Asian markets are fast-growing, but sometimes uncertain,” said Mr. Schirmer. “From our new Singapore office, Risk International is well positioned to help companies identify risks to their business, develop a plan to manage and mitigate them and prepare to take full advantage of business opportunities in Asia.”
About Risk International
Risk International is a leading risk management consulting company with total outsourcing, insurance claim recovery and missing policy research capabilities. It serves clients worldwide, collaborating with them to improve risk management practices, reduce the total cost of risk and realize competitive advantages inherent in well-managed risk.
One of the top three risk management consulting companies in the U.S., according to Business Insurance magazine, Risk International is a 4-year recipient of the magazine’s Silver Circle Award for service, value, quality and innovation.
Founded in 1986, Risk International is headquartered in Fairlawn, Ohio, with offices in Charlotte, London and Singapore. The firm has been named one of the Weatherhead 100 fastest growing companies in Northeast Ohio.
For more information, see http://www.riskinternational.com/about.htm.
Tuesday, July 12, 2011
Aon Appoints Greg Besio as Chief Human Resources Officer
Aon Corporation (NYSE: AON), the leading global provider of risk management and human resource consulting and outsourcing, today announced the appointment of Greg Besio, a senior executive of the firm since 2007, as Chief Human Resources Officer. Besio replaces Jeremy Farmer, Senior Vice President and Global Head of Human Resources, who will serve as a senior adviser to Besio as part of a previously planned retirement transition.
"The commitment to our 60,000 global colleagues and to developing our talent has never been greater," said Greg Case, President and Chief Executive Officer of Aon. "Greg Besio has been an active and key participant in Aon's most important strategic business priorities since joining our firm, and I am delighted that he will now lead our global HR function and drive our talent strategy."
Since joining Aon, Besio has led a number of strategic initiatives and has served in various roles, including head of global strategy, chief information officer, and chief administrative officer, where both human resources and information technology reported to him. Most recently, as executive integration leader, Besio has led the integration of Aon-Hewitt, the leading human resources solutions firm. Prior to joining Aon, Besio led Motorola's Mobile Device Business' global team of 4,500 software developers, a role he assumed after leading Motorola's corporate strategy team.
"Aon is dedicated to being the best in the world in developing talent, both for our clients and for our firm," Besio said. "Aon has an unparalleled commitment to building for the future, and we understand the critical role our firm can play in the global economy by creating the right environment and best practices to develop, attract and retain the very best talent in our industry in order to serve our clients."
Regarding Farmer's transition, Case said, "On behalf of all Aon colleagues, I want to thank Jeremy for his tremendous dedication to our firm and for his leadership and guidance of our global HR team. Over the past eight years, Jeremy has helped lead our firm through many changes, including the mergers with Benfield and Hewitt Associates, as well as numerous market and regulatory changes. I appreciate very much his willingness to stay on as an adviser on HR issues to Greg Besio and our executive team."
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 60,000 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.
"The commitment to our 60,000 global colleagues and to developing our talent has never been greater," said Greg Case, President and Chief Executive Officer of Aon. "Greg Besio has been an active and key participant in Aon's most important strategic business priorities since joining our firm, and I am delighted that he will now lead our global HR function and drive our talent strategy."
Since joining Aon, Besio has led a number of strategic initiatives and has served in various roles, including head of global strategy, chief information officer, and chief administrative officer, where both human resources and information technology reported to him. Most recently, as executive integration leader, Besio has led the integration of Aon-Hewitt, the leading human resources solutions firm. Prior to joining Aon, Besio led Motorola's Mobile Device Business' global team of 4,500 software developers, a role he assumed after leading Motorola's corporate strategy team.
"Aon is dedicated to being the best in the world in developing talent, both for our clients and for our firm," Besio said. "Aon has an unparalleled commitment to building for the future, and we understand the critical role our firm can play in the global economy by creating the right environment and best practices to develop, attract and retain the very best talent in our industry in order to serve our clients."
Regarding Farmer's transition, Case said, "On behalf of all Aon colleagues, I want to thank Jeremy for his tremendous dedication to our firm and for his leadership and guidance of our global HR team. Over the past eight years, Jeremy has helped lead our firm through many changes, including the mergers with Benfield and Hewitt Associates, as well as numerous market and regulatory changes. I appreciate very much his willingness to stay on as an adviser on HR issues to Greg Besio and our executive team."
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 60,000 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.
Wednesday, June 1, 2011
FTI-International Risk Completes Transition to FTI Consulting Brand
FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that FTI-International Risk, the leading international risk mitigation and investigation consultancy in Asia, has adopted the FTI Consulting brand. This brand change is a further step in realizing the global 'One Brand' strategy of FTI Consulting and is an important part of the integration of the various FTI Consulting businesses in the Asia-Pacific region.
Initially founded in 2000, International Risk Ltd was acquired by FTI Consulting in July 2006. The acquisition formed the Company's Global Risk and Investigations team in Asia, which is part of the Forensic and Litigation Consulting practice. Global Risk and Investigations undertakes sophisticated investigations, uncovers actionable intelligence and performs value-added analysis to help decision makers address and mitigate risk, protect assets, make informed decisions and maximize opportunities in the Asia-Pacific region and globally. Headquartered in Hong Kong, the practice has regional offices at strategic locations across Asia, including Tokyo, Singapore, Beijing, Shanghai and Guangzhou.
"By transitioning into the single global brand identity of FTI Consulting, our clients will continue to benefit from a pool of worldwide resources and expertise, which is growing day by day," said David Holloway, senior managing director, Global Risk and Investigations, at FTI Consulting in Asia. "It also is a very exciting time for our existing 80+ employees as the brand consolidation will ensure greater opportunities for professional growth and development."
Rod Sutton, chairman of the Asia Pacific region, FTI Consulting, said, "This is a significant milestone in the 'One Brand' strategy of FTI Consulting. The integration phase is to be completed in our region by the end of August, and, as a result, FTI Consulting will become a truly global company, ensuring its sustainability within a challenging and dynamic market. In particular, this process will allow us to accelerate our growth in this region, where we now have in excess of 350 employees and are one of the largest specialist advisory firms across Asia Pacific."
About FTI Consulting Global Risk and Investigations Asia
Global Risk and Investigations forms part of the Forensic and Litigation Consulting practice of FTI Consulting and brings a multidisciplinary approach to business-critical investigations. Multicultural teams combine the skill and experience of former senior law enforcement officials and regulators with forensic accountants, anti-corruption investigators, economic researchers, academic analysts, and computer forensic, electronic evidence and enterprise data specialists based around the world.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,700 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. The company generated $1.4 billion in revenues during fiscal year 2010. More information can be found at www.fticonsulting.com.
Initially founded in 2000, International Risk Ltd was acquired by FTI Consulting in July 2006. The acquisition formed the Company's Global Risk and Investigations team in Asia, which is part of the Forensic and Litigation Consulting practice. Global Risk and Investigations undertakes sophisticated investigations, uncovers actionable intelligence and performs value-added analysis to help decision makers address and mitigate risk, protect assets, make informed decisions and maximize opportunities in the Asia-Pacific region and globally. Headquartered in Hong Kong, the practice has regional offices at strategic locations across Asia, including Tokyo, Singapore, Beijing, Shanghai and Guangzhou.
"By transitioning into the single global brand identity of FTI Consulting, our clients will continue to benefit from a pool of worldwide resources and expertise, which is growing day by day," said David Holloway, senior managing director, Global Risk and Investigations, at FTI Consulting in Asia. "It also is a very exciting time for our existing 80+ employees as the brand consolidation will ensure greater opportunities for professional growth and development."
Rod Sutton, chairman of the Asia Pacific region, FTI Consulting, said, "This is a significant milestone in the 'One Brand' strategy of FTI Consulting. The integration phase is to be completed in our region by the end of August, and, as a result, FTI Consulting will become a truly global company, ensuring its sustainability within a challenging and dynamic market. In particular, this process will allow us to accelerate our growth in this region, where we now have in excess of 350 employees and are one of the largest specialist advisory firms across Asia Pacific."
About FTI Consulting Global Risk and Investigations Asia
Global Risk and Investigations forms part of the Forensic and Litigation Consulting practice of FTI Consulting and brings a multidisciplinary approach to business-critical investigations. Multicultural teams combine the skill and experience of former senior law enforcement officials and regulators with forensic accountants, anti-corruption investigators, economic researchers, academic analysts, and computer forensic, electronic evidence and enterprise data specialists based around the world.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,700 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. The company generated $1.4 billion in revenues during fiscal year 2010. More information can be found at www.fticonsulting.com.
Thursday, May 26, 2011
Crowe Horwath Global Risk Consulting Launches
Crowe Horwath Global Risk Consulting (CHGRC) is a newly formed global professional services firm assisting multinational companies with their governance, risk and compliance needs. The firm's chief executive officer (CEO) is U.S.-based Larry Rieger, who has more than 35 years of multi-national client service experience and is a noted expert on corporate governance, risk and compliance. As CEO, Rieger is responsible for implementing a singular global client service delivery model.
"Companies we've worked with were looking for someone to provide a consistent approach to their risk, governance and compliance needs across their global markets, rather than treating it like a local service. We created CHGRC to meet this market demand — one consistent global service model, provided by one global firm — rather than following the network member approach used today by many large accounting firms," said Rieger. "Each market that we enter will be serviced by the single global firm through a standard global service approach, with oversight established by CHGRC's CEO and monitored by the board of directors."
In addition to its presence in the U.S., CHGRC will initially have offices in the United Kingdom, China and Japan. The firm identified these markets as critical economic centers within their regions, and all are countries with a heavy presence of multinational organizations. From this initial base, the firm will expand throughout European and Asian regions as the market demands.
CHGRC is a member firm of Crowe Horwath International. The international network, ranked among the top 10 global accounting networks, consists of more than 140 independent accounting and advisory service firms with 640 offices in more than 100 countries around the world.
For more information, visit http://www.crowehorwath.net/risk/.
"Companies we've worked with were looking for someone to provide a consistent approach to their risk, governance and compliance needs across their global markets, rather than treating it like a local service. We created CHGRC to meet this market demand — one consistent global service model, provided by one global firm — rather than following the network member approach used today by many large accounting firms," said Rieger. "Each market that we enter will be serviced by the single global firm through a standard global service approach, with oversight established by CHGRC's CEO and monitored by the board of directors."
In addition to its presence in the U.S., CHGRC will initially have offices in the United Kingdom, China and Japan. The firm identified these markets as critical economic centers within their regions, and all are countries with a heavy presence of multinational organizations. From this initial base, the firm will expand throughout European and Asian regions as the market demands.
CHGRC is a member firm of Crowe Horwath International. The international network, ranked among the top 10 global accounting networks, consists of more than 140 independent accounting and advisory service firms with 640 offices in more than 100 countries around the world.
For more information, visit http://www.crowehorwath.net/risk/.
Wednesday, May 11, 2011
Good Harbor Consulting Taps Eric Rosenbach to Lead Cyber Security Team
Good Harbor Consulting, a global strategic security, safety, and risk management consultancy, today announced that Eric Rosenbach has joined the firm to lead its growing cyber security consulting practice. Working with Good Harbor Chairman Richard Clarke, Rosenbach will shape the strategic direction of the practice and work directly with Good Harbor clients to help them understand and manage cyber security risks.
"We are thrilled to have Eric Rosenbach join our senior management team and lead our cyber security practice," said Clarke. "Eric brings a unique combination of policy, legal, and technology expertise that will strengthen our ability to help clients effectively manage cyber security risks in today's complex operating environment. His contribution will be invaluable as we continue to grow our cyber security business and provide unparalleled consulting services to our clients in the United States and overseas."
Rosenbach has extensive experience working on cyber security policy and legal issues. He most recently focused on cyber security while leading the national security work as Managing Director at the Markle Foundation. Rosenbach previously worked as the Executive Director of the Belfer Center for International Affairs at the Harvard Kennedy School, where he managed the Center's operations, taught classes on national security policy and co-directed a multi-million dollar joint Harvard/Massachusetts Institute of Technology project on cyber security policy. Prior to his work at Harvard, Rosenbach served as national security advisor for Senator Chuck Hagel and as a professional staff member on the Senate Select Committee on Intelligence.
Rosenbach's experience in the private sector and military provides him with a strong understanding of the technical and operational aspects of cyber security. As the Chief Security Officer at World Online International, Rosenbach created and implemented the first-ever cyber risk management strategy for the largest European Internet Service Provider at the time. He subsequently advised private and public sector clients on cyber security and critical infrastructure issues for several years as a consultant with Booz Allen Hamilton. Rosenbach gained his initial understanding of cyber security as an Army intelligence officer in Europe, where as a captain he was awarded the Meritorious Service Medal for his leadership of a communications intelligence unit.
Rosenbach has authored several books on national security issues and continues to teach courses on national security policy at Harvard. He was a Fulbright Scholar. He holds a juris doctor from Georgetown, masters of public policy from the Harvard Kennedy School and bachelor of arts from Davidson College.
About Good Harbor Consulting
Good Harbor, founded in 2002, provides strategic advice to help clients understand their operating environment and manage their safety and security risks through services including emergency management, critical infrastructure protection, transportation security, urban safety and security planning, cyber security, counter-terrorism, and security investment.
Good Harbor's cyber security consulting team works with senior leaders at corporate and government organizations to develop strategic security programs that ensure resilience of critical systems in the face of advanced cyber threats. Our team of experts offers an unmatched understanding of the nexus between risk management, public policy and cyber security vital to defending information and control systems in a dynamic threat environment.
"We are thrilled to have Eric Rosenbach join our senior management team and lead our cyber security practice," said Clarke. "Eric brings a unique combination of policy, legal, and technology expertise that will strengthen our ability to help clients effectively manage cyber security risks in today's complex operating environment. His contribution will be invaluable as we continue to grow our cyber security business and provide unparalleled consulting services to our clients in the United States and overseas."
Rosenbach has extensive experience working on cyber security policy and legal issues. He most recently focused on cyber security while leading the national security work as Managing Director at the Markle Foundation. Rosenbach previously worked as the Executive Director of the Belfer Center for International Affairs at the Harvard Kennedy School, where he managed the Center's operations, taught classes on national security policy and co-directed a multi-million dollar joint Harvard/Massachusetts Institute of Technology project on cyber security policy. Prior to his work at Harvard, Rosenbach served as national security advisor for Senator Chuck Hagel and as a professional staff member on the Senate Select Committee on Intelligence.
Rosenbach's experience in the private sector and military provides him with a strong understanding of the technical and operational aspects of cyber security. As the Chief Security Officer at World Online International, Rosenbach created and implemented the first-ever cyber risk management strategy for the largest European Internet Service Provider at the time. He subsequently advised private and public sector clients on cyber security and critical infrastructure issues for several years as a consultant with Booz Allen Hamilton. Rosenbach gained his initial understanding of cyber security as an Army intelligence officer in Europe, where as a captain he was awarded the Meritorious Service Medal for his leadership of a communications intelligence unit.
Rosenbach has authored several books on national security issues and continues to teach courses on national security policy at Harvard. He was a Fulbright Scholar. He holds a juris doctor from Georgetown, masters of public policy from the Harvard Kennedy School and bachelor of arts from Davidson College.
About Good Harbor Consulting
Good Harbor, founded in 2002, provides strategic advice to help clients understand their operating environment and manage their safety and security risks through services including emergency management, critical infrastructure protection, transportation security, urban safety and security planning, cyber security, counter-terrorism, and security investment.
Good Harbor's cyber security consulting team works with senior leaders at corporate and government organizations to develop strategic security programs that ensure resilience of critical systems in the face of advanced cyber threats. Our team of experts offers an unmatched understanding of the nexus between risk management, public policy and cyber security vital to defending information and control systems in a dynamic threat environment.
Wednesday, May 4, 2011
KCG Awarded Task Order by the Administrative Office of the U.S. Courts
Knowledge Consulting Group (KCG) today announced that it has been selected to provide Information Technology (IT) Security Assessment Team (SAT) services to the Administrative Office (AO) of the U.S. Courts. Under the terms of the contract, KCG will provide IT security assessments, remediation assistance, and information security advisory services for Federal Judiciary components across the nation, to include appellate courts, district courts, bankruptcy courts, and probation and pretrial services organizations. Awarded through the U.S. General Services Administration's (GSA) Schedule 70 program, the task order is for a period of one year, with up to four one-year options.
"As the Federal Judiciary's central support organization, the Administrative Office of the U.S. Courts provides critical IT security services and guidance to all judiciary organizations," said Maryann Hirsch, President of KCG. "KCG is proud to have the opportunity to provide security assessment and advisory services that help the Federal Judiciary identify and mitigate IT security risk, and ultimately ensure the effectiveness of IT security throughout the judiciary systems."
About KCG
Knowledge Consulting Group (KCG) is the government's trusted advisor for cybersecurity services and a provider of business advisory services to the government market. The leading provider of cybersecurity risk management, governance, operations, and compliance services to the federal market, KCG is unmatched in its ability to meet the depth and breadth of federal agency requirements needed to run cybersecurity programs, including a broad range of technical capabilities; experienced, certified cybersecurity professionals; and a strong record of past performance.
KCG leverages its business strategy capabilities and industry best practices to provide business advisory services to government and industry, so they may improve operations across such mission-critical areas as Information Technology (IT), finance, and human resources.
Headquartered outside of Washington, D.C. in Reston, Virginia, KCG is a privately owned business. KCG holds multiple prime and subcontracts with agencies and industry partners, enabling it to provide cybersecurity and business advisory services to the federal civilian, defense and intelligence, and homeland security sectors.
"As the Federal Judiciary's central support organization, the Administrative Office of the U.S. Courts provides critical IT security services and guidance to all judiciary organizations," said Maryann Hirsch, President of KCG. "KCG is proud to have the opportunity to provide security assessment and advisory services that help the Federal Judiciary identify and mitigate IT security risk, and ultimately ensure the effectiveness of IT security throughout the judiciary systems."
About KCG
Knowledge Consulting Group (KCG) is the government's trusted advisor for cybersecurity services and a provider of business advisory services to the government market. The leading provider of cybersecurity risk management, governance, operations, and compliance services to the federal market, KCG is unmatched in its ability to meet the depth and breadth of federal agency requirements needed to run cybersecurity programs, including a broad range of technical capabilities; experienced, certified cybersecurity professionals; and a strong record of past performance.
KCG leverages its business strategy capabilities and industry best practices to provide business advisory services to government and industry, so they may improve operations across such mission-critical areas as Information Technology (IT), finance, and human resources.
Headquartered outside of Washington, D.C. in Reston, Virginia, KCG is a privately owned business. KCG holds multiple prime and subcontracts with agencies and industry partners, enabling it to provide cybersecurity and business advisory services to the federal civilian, defense and intelligence, and homeland security sectors.
Thursday, March 31, 2011
Sedgwick CMS Launches Healthcare Risk Management and Patient Safety Services Division
Sedgwick Claims Management Services, Inc. today announced the establishment of its risk management and patient safety consultation practice to serve hospitals, physician groups, healthcare systems, insurance companies, and other healthcare organizations. Leading the company's efforts in this area is industry veteran Michelle Hoppes.
Sedgwick CMS's healthcare risk management practice is designed to create high reliability solutions for the risk management, quality, and patient safety challenges facing healthcare organizations today. Using proactive risk assessments, data analytics, compliance studies, and loss control metrics, Sedgwick CMS specialists will partner with clients in the healthcare arena to improve their performance and help them prevent medical errors and omissions that can result in patient injuries and financial losses related to medical malpractice claims and compliance issues.
"During the last decade, risk management and patient safety have emerged as top strategic initiatives in the healthcare industry. Changes in government regulations and payer components have further fueled the demand for expert consulting and resources," said David A. North, president and CEO of Sedgwick CMS.
"We are pleased to offer our healthcare professional liability clients and other organizations the most innovative and robust risk management and patient safety solutions available in the market today. The appointment of a seasoned professional like Michelle Hoppes to lead this initiative of the Sedgwick CMS professional liability team underscores our commitment to excellence as a provider of comprehensive claims and risk management services for the healthcare industry," North said.
Appointed senior vice president and national director of healthcare risk management and patient safety of Sedgwick CMS, Hoppes brings to her new role more than 30 years of experience in healthcare, risk management, patient safety, and performance improvement. She specializes in providing customized and innovative consulting through an enterprise risk management approach with a primary focus on clinical risk management.
A frequently published author and speaker on healthcare risk management and patient safety, Hoppes is an RN who holds a Master of Science in healthcare management and certifications in risk management and quality review. She currently serves as president of the American Society for Healthcare Risk Management (ASHRM), the nation's premier industry group for healthcare risk management professionals, as well as a board member and secretary of the Emergency Medicine Patient Safety Foundation.
"The addition of the risk management consulting practice, designed to aid in reducing risk and mitigating financial loss, to Sedgwick CMS's menu of services rounds out our world-class offerings in healthcare professional liability claims management, auditing, and clinical risk management," said Tim Over, Sedgwick CMS national director of professional liability.
To learn more about Sedgwick CMS's healthcare risk management and patient safety services, contact Michelle Hoppes at 704-995-2253, michelle.hoppes@sedgwickcms.com, or Tim Over at 312-356-0813, tim.over@sedgwickcms.com.
About Sedgwick CMS
Sedgwick Claims Management Services, Inc. is the leading North American provider of innovative claims and productivity management solutions. Sedgwick CMS and its affiliated companies deliver cost-effective claims administration, medical management, risk consulting and related services to clients through the expertise of approximately 8,500 colleagues in more than 150 offices in the U.S. and Canada. The company specializes in workers' compensation; disability, FMLA and other employee absence; general, automobile and professional liability; alternative market; and warranty and credit card claims services as well as Medicare compliance solutions. Sedgwick CMS and its affiliates design and implement customized programs based on proven practices that meet client needs. To learn more, visit www.sedgwickcms.com.
Sedgwick CMS's healthcare risk management practice is designed to create high reliability solutions for the risk management, quality, and patient safety challenges facing healthcare organizations today. Using proactive risk assessments, data analytics, compliance studies, and loss control metrics, Sedgwick CMS specialists will partner with clients in the healthcare arena to improve their performance and help them prevent medical errors and omissions that can result in patient injuries and financial losses related to medical malpractice claims and compliance issues.
"During the last decade, risk management and patient safety have emerged as top strategic initiatives in the healthcare industry. Changes in government regulations and payer components have further fueled the demand for expert consulting and resources," said David A. North, president and CEO of Sedgwick CMS.
"We are pleased to offer our healthcare professional liability clients and other organizations the most innovative and robust risk management and patient safety solutions available in the market today. The appointment of a seasoned professional like Michelle Hoppes to lead this initiative of the Sedgwick CMS professional liability team underscores our commitment to excellence as a provider of comprehensive claims and risk management services for the healthcare industry," North said.
Appointed senior vice president and national director of healthcare risk management and patient safety of Sedgwick CMS, Hoppes brings to her new role more than 30 years of experience in healthcare, risk management, patient safety, and performance improvement. She specializes in providing customized and innovative consulting through an enterprise risk management approach with a primary focus on clinical risk management.
A frequently published author and speaker on healthcare risk management and patient safety, Hoppes is an RN who holds a Master of Science in healthcare management and certifications in risk management and quality review. She currently serves as president of the American Society for Healthcare Risk Management (ASHRM), the nation's premier industry group for healthcare risk management professionals, as well as a board member and secretary of the Emergency Medicine Patient Safety Foundation.
"The addition of the risk management consulting practice, designed to aid in reducing risk and mitigating financial loss, to Sedgwick CMS's menu of services rounds out our world-class offerings in healthcare professional liability claims management, auditing, and clinical risk management," said Tim Over, Sedgwick CMS national director of professional liability.
To learn more about Sedgwick CMS's healthcare risk management and patient safety services, contact Michelle Hoppes at 704-995-2253, michelle.hoppes@sedgwickcms.com, or Tim Over at 312-356-0813, tim.over@sedgwickcms.com.
About Sedgwick CMS
Sedgwick Claims Management Services, Inc. is the leading North American provider of innovative claims and productivity management solutions. Sedgwick CMS and its affiliated companies deliver cost-effective claims administration, medical management, risk consulting and related services to clients through the expertise of approximately 8,500 colleagues in more than 150 offices in the U.S. and Canada. The company specializes in workers' compensation; disability, FMLA and other employee absence; general, automobile and professional liability; alternative market; and warranty and credit card claims services as well as Medicare compliance solutions. Sedgwick CMS and its affiliates design and implement customized programs based on proven practices that meet client needs. To learn more, visit www.sedgwickcms.com.
Thursday, March 24, 2011
Towers Watson Appoints Rory O'Brien to Lead Its Risk Consulting and Software Business
Global professional services company Towers Watson has appointed Rory O’Brien as global Risk Consulting and Software leader, effective immediately. He replaces Steve Taylor-Gooby, who is stepping down from the role after 25 years at the company.
O’Brien joined Towers Watson from EMB, the risk consulting and software firm acquired by Towers Watson earlier this year. At EMB, he was Managing Partner responsible for defining and implementing global strategy; a role he held since joining that firm in 2008. Before EMB, O’Brien was the Group CEO of Guardian Holdings Limited, a publicly quoted company. Prior to that, O’Brien, an accountant by training, was a partner at Deloitte jointly responsible for its Insurance Consulting business.
Patricia L. Guinn, global leader of Towers Watson’s Risk and Financial Services segment, said: “We are excited about Rory joining our leadership team because of his strategic vision, commitment to growing and broadening this business and a keen focus on client issues. He has a successful track record for innovation and execution and will bring incredible passion to this position. We have ambitious growth plans and are confident that Rory will lead the global team in achieving them, while delivering exceptional client service.”
O’Brien, global leader of Towers Watson’s Risk Consulting and Software business, said: “I am excited to be taking on this role at such a fascinating and challenging time in the development of the insurance industry. Towers Watson is a pre-eminent global player in insurance risk and software and, with the support of our strong team, I am confident we can help our clients meet the many challenges they face in the rapidly-changing and complex financial world.”
Guinn noted that Taylor-Gooby will assist with the transition before his departure, saying: “We thank Steve for his many contributions and wish him well for the future.”
O’Brien joined Towers Watson from EMB, the risk consulting and software firm acquired by Towers Watson earlier this year. At EMB, he was Managing Partner responsible for defining and implementing global strategy; a role he held since joining that firm in 2008. Before EMB, O’Brien was the Group CEO of Guardian Holdings Limited, a publicly quoted company. Prior to that, O’Brien, an accountant by training, was a partner at Deloitte jointly responsible for its Insurance Consulting business.
Patricia L. Guinn, global leader of Towers Watson’s Risk and Financial Services segment, said: “We are excited about Rory joining our leadership team because of his strategic vision, commitment to growing and broadening this business and a keen focus on client issues. He has a successful track record for innovation and execution and will bring incredible passion to this position. We have ambitious growth plans and are confident that Rory will lead the global team in achieving them, while delivering exceptional client service.”
O’Brien, global leader of Towers Watson’s Risk Consulting and Software business, said: “I am excited to be taking on this role at such a fascinating and challenging time in the development of the insurance industry. Towers Watson is a pre-eminent global player in insurance risk and software and, with the support of our strong team, I am confident we can help our clients meet the many challenges they face in the rapidly-changing and complex financial world.”
Guinn noted that Taylor-Gooby will assist with the transition before his departure, saying: “We thank Steve for his many contributions and wish him well for the future.”
Wednesday, February 23, 2011
Deloitte Poll: 37 Percent of Companies Report Having No Consistent Risk Data Mining, Reporting and Analysis
More than one-third (37.4 percent) of executives report that their companies do not take a consistent, enterprise-wide approach to mining, reporting, and analyzing risk data, according to a recent online poll conducted by Deloitte.
"Many organizations have partial risk data management programs that can leave enterprises exposed," said Bob Walley, with Deloitte's regulatory & capital markets consulting practice. "The challenge is to build and maintain an enterprise-wide risk data management program that enables executives and boards to make strategic decisions based on robust, risk-based business analytics."
Boards and executives use detailed analysis from data collected across the company for key risk management decisions in 32.7 percent of respondents' companies. Yet, 11 percent of executives described their companies' data governance programs as "non-existent."
"The good news is that boards and executives are turning to risk data management programs—including business analytics of the data—to help strategically create and protect value," said Donna Epps, co-leader of Deloitte's governance and risk management practice. "But, for most major, multi-national organizations, the process of inventorying data sources, ownership and applications can be overwhelming, particularly if program budgets have been cut."
The biggest challenges respondents reported for their risk data management programs' success included too many data sources (33.2 percent) and too few resources (28.6 percent).
"Business analytics programs are a huge undertaking for most companies," added John Lucker, leader of Deloitte's advanced analytics and modeling practice. "When companies have full understanding and endorsement from top executives and board members, programs can be extremely successful, offering not only insight into future trends, but an advantage over competitors."
Beyond leadership support, other keys to success for risk data management and analytics programs include:
During a Sept. 30, 2010 Deloitte webcast, more than 900 business professionals from the financial services; technology, media and telecommunications; consumer and industrial products; and other industries responded to polling questions.
"Many organizations have partial risk data management programs that can leave enterprises exposed," said Bob Walley, with Deloitte's regulatory & capital markets consulting practice. "The challenge is to build and maintain an enterprise-wide risk data management program that enables executives and boards to make strategic decisions based on robust, risk-based business analytics."
Boards and executives use detailed analysis from data collected across the company for key risk management decisions in 32.7 percent of respondents' companies. Yet, 11 percent of executives described their companies' data governance programs as "non-existent."
"The good news is that boards and executives are turning to risk data management programs—including business analytics of the data—to help strategically create and protect value," said Donna Epps, co-leader of Deloitte's governance and risk management practice. "But, for most major, multi-national organizations, the process of inventorying data sources, ownership and applications can be overwhelming, particularly if program budgets have been cut."
The biggest challenges respondents reported for their risk data management programs' success included too many data sources (33.2 percent) and too few resources (28.6 percent).
"Business analytics programs are a huge undertaking for most companies," added John Lucker, leader of Deloitte's advanced analytics and modeling practice. "When companies have full understanding and endorsement from top executives and board members, programs can be extremely successful, offering not only insight into future trends, but an advantage over competitors."
Beyond leadership support, other keys to success for risk data management and analytics programs include:
- Keep the program business-driven. Because organizing and analyzing enterprise-wide data can be complex, identify a clear goal to benefit the business at the outset of the project. Decisions made throughout the program should be focused on accomplishing that one, business-driven goal.
- Tackle smaller projects within the broader program. Breaking the enterprise-wide program down into a series of smaller, shorter-term projects helps teams focus and allows for more frequent progress reporting to board members and executives.
- Build processes and procedures into major business initiatives. Sometimes the hardest part of any data management or analytics program is changing corporate culture around what data is saved, where it's saved, how it will be used and why the project is happening. When every major initiative is tied into the data program, the need for employee commitment is reinforced.
- Stay the course. The more that people and budgets are committed to the end goal, the better successes will result. While programs will have to be somewhat flexible over the course of time, making directional changes midway through a program will lengthen timelines and increase resource spend.
During a Sept. 30, 2010 Deloitte webcast, more than 900 business professionals from the financial services; technology, media and telecommunications; consumer and industrial products; and other industries responded to polling questions.
Wednesday, February 9, 2011
Arthur J. Gallagher & Co. Acquires James F. Reda & Associates, LLC
Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of James F. Reda & Associates, LLC in New York, NY. Terms of the transaction were not disclosed.
Formed in 2004, James F. Reda & Associates, LLC is an executive compensation and corporate governance consulting firm. They provide executive and corporate governance compensation advisory services including the creation, planning and implementation of base and total cash compensation programs to both publicly-traded and privately-held clients throughout the United States. They also specialize in the development of total rewards strategies, competitive market reviews, change-in-control and severance analysis, equity strategy and valuation techniques, and assessments of relative company performance. James F. Reda and his staff will continue to operate at their current location under the direction of William Ziebell, North Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.
"Reda & Associates is highly regarded within the executive compensation arena for their depth of knowledge and proprietary research and is known for their high degree of quality service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "With their specialized expertise in executive compensation and corporate governance, they will be a terrific complement to our employee benefits brokerage and consulting operation. We are pleased to welcome Jim and his associates to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 16 countries and does business in more than 110 countries around the world through a network of correspondent brokers and consultants.
Formed in 2004, James F. Reda & Associates, LLC is an executive compensation and corporate governance consulting firm. They provide executive and corporate governance compensation advisory services including the creation, planning and implementation of base and total cash compensation programs to both publicly-traded and privately-held clients throughout the United States. They also specialize in the development of total rewards strategies, competitive market reviews, change-in-control and severance analysis, equity strategy and valuation techniques, and assessments of relative company performance. James F. Reda and his staff will continue to operate at their current location under the direction of William Ziebell, North Central Regional Executive Vice President of Gallagher's employee benefit consulting and brokerage operations.
"Reda & Associates is highly regarded within the executive compensation arena for their depth of knowledge and proprietary research and is known for their high degree of quality service," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "With their specialized expertise in executive compensation and corporate governance, they will be a terrific complement to our employee benefits brokerage and consulting operation. We are pleased to welcome Jim and his associates to our growing Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 16 countries and does business in more than 110 countries around the world through a network of correspondent brokers and consultants.
Wednesday, November 24, 2010
Brown & Brown, Inc. Announces the Asset Acquisition of Mavum Consulting, LLC and Mavum Risk Management, LLC
J. Scott Penny, Regional President of Brown & Brown, Inc. and Rodney R. Reasen II, owner of Mavum Consulting, LLC and Mavum Risk Management, LLC, each located in Indianapolis, Indiana, today announced that Brown & Brown of Indiana, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Mavum Consulting, LLC and Mavum Risk Management, LLC.
With annualized revenues of approximately $1.3 million, Mavum Consulting and Mavum Risk Management provide insurance products and services to businesses and individuals throughout the greater Indianapolis metropolitan area. Mavum Consulting and Mavum Risk Management's employees will relocate to Brown & Brown of Indiana's existing Indianapolis office, under the leadership of Fred McClaine.
Rod Reasen, the founder and owner of the Mavum companies, will assist in the transition of the acquired operations to Brown & Brown.
Mr. Penny, who is responsible for Brown & Brown's retail operations throughout Indiana, commented, "Our Indianapolis office has grown significantly over the last few years, and we are honored to have Andrew Lockerbie and the other members of Mavum team join our operation and contribute to that growth and success." Mr. Reasen added, "We are excited to be able to bring the resources of Brown & Brown to our clients."
Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade, and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States' seventh largest independent insurance intermediary. The Company's Web address is www.bbinsurance.com.
With annualized revenues of approximately $1.3 million, Mavum Consulting and Mavum Risk Management provide insurance products and services to businesses and individuals throughout the greater Indianapolis metropolitan area. Mavum Consulting and Mavum Risk Management's employees will relocate to Brown & Brown of Indiana's existing Indianapolis office, under the leadership of Fred McClaine.
Rod Reasen, the founder and owner of the Mavum companies, will assist in the transition of the acquired operations to Brown & Brown.
Mr. Penny, who is responsible for Brown & Brown's retail operations throughout Indiana, commented, "Our Indianapolis office has grown significantly over the last few years, and we are honored to have Andrew Lockerbie and the other members of Mavum team join our operation and contribute to that growth and success." Mr. Reasen added, "We are excited to be able to bring the resources of Brown & Brown to our clients."
Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade, and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States' seventh largest independent insurance intermediary. The Company's Web address is www.bbinsurance.com.
Tuesday, November 16, 2010
Accuvant Named Top Company in Colorado
Accuvant, a leading provider of information security, risk and compliance management consulting services, has received ColoradoBiz Magazine's Top Company distinction in the Technology/Media category.
Top Company is Colorado's most competitive business awards program, judged on the basis of sustained financial performance, operational excellence and community involvement. International consulting and accounting firm Deloitte selected finalists after rigorous evaluations, and then a panel of professionals and leading policy officials convened to determine the winners in each of 10 categories.
"We are honored to receive this prestigious award, which is a tribute to the efforts of the entire Accuvant team," said Ed Wittman, vice president of operations for Accuvant. "Accuvant's culture has kept us at the forefront of the industry, and allowed us to outperform the market during a difficult time. Our ability to efficiently respond to information security trends and diverse client needs has enabled us to expand from a boutique security consultancy to one of the nation's largest and most respected security and compliance providers in a short period of time."
Accuvant experienced an impressive growth rate of nearly 740 percent from 2005 to 2009, and was recently named one of America's fastest growing private companies by Inc. Magazine for the fourth year in a row. Accuvant currently serves 65 of the Fortune 100, 20 major federal agencies, and thousands of mid-market businesses by providing comprehensive, strategic consulting services that protect data assets across the enterprise while minimizing security risk.
Accuvant helps their client base navigate the increasingly complex security landscape and continually evolves their capabilities to respond to changing market requirements. In 2010 Accuvant introduced several key offerings including information security risk assessments, secure software development, data leak protection, on-demand consulting, product training, managed security, and security enablement services.
About Accuvant
Accuvant is the only research-driven information security partner delivering alignment between IT security and business objectives, clarity to complex security challenges and confidence in enterprise security decisions.
Accuvant delivers these solutions through three practice areas: Risk and Compliance Management, Accuvant LABS and Technology Solutions. Based on our clients' unique requirements, Accuvant assesses, architects and implements the policies, procedures and technologies that most efficiently and effectively protect valuable data assets.
Since 2002, more than 3,900 organizations, including 65 of the Fortune 100, have trusted Accuvant with their data security challenges. Headquartered in Denver, Accuvant has offices in 37 cities across the United States, Europe, and Asia Pacific. For more information, please visit www.accuvant.com, follow us on Twitter: @Accuvant, or keep in touch via Facebook: http://tiny.cc/facebook553.
Top Company is Colorado's most competitive business awards program, judged on the basis of sustained financial performance, operational excellence and community involvement. International consulting and accounting firm Deloitte selected finalists after rigorous evaluations, and then a panel of professionals and leading policy officials convened to determine the winners in each of 10 categories.
"We are honored to receive this prestigious award, which is a tribute to the efforts of the entire Accuvant team," said Ed Wittman, vice president of operations for Accuvant. "Accuvant's culture has kept us at the forefront of the industry, and allowed us to outperform the market during a difficult time. Our ability to efficiently respond to information security trends and diverse client needs has enabled us to expand from a boutique security consultancy to one of the nation's largest and most respected security and compliance providers in a short period of time."
Accuvant experienced an impressive growth rate of nearly 740 percent from 2005 to 2009, and was recently named one of America's fastest growing private companies by Inc. Magazine for the fourth year in a row. Accuvant currently serves 65 of the Fortune 100, 20 major federal agencies, and thousands of mid-market businesses by providing comprehensive, strategic consulting services that protect data assets across the enterprise while minimizing security risk.
Accuvant helps their client base navigate the increasingly complex security landscape and continually evolves their capabilities to respond to changing market requirements. In 2010 Accuvant introduced several key offerings including information security risk assessments, secure software development, data leak protection, on-demand consulting, product training, managed security, and security enablement services.
About Accuvant
Accuvant is the only research-driven information security partner delivering alignment between IT security and business objectives, clarity to complex security challenges and confidence in enterprise security decisions.
Accuvant delivers these solutions through three practice areas: Risk and Compliance Management, Accuvant LABS and Technology Solutions. Based on our clients' unique requirements, Accuvant assesses, architects and implements the policies, procedures and technologies that most efficiently and effectively protect valuable data assets.
Since 2002, more than 3,900 organizations, including 65 of the Fortune 100, have trusted Accuvant with their data security challenges. Headquartered in Denver, Accuvant has offices in 37 cities across the United States, Europe, and Asia Pacific. For more information, please visit www.accuvant.com, follow us on Twitter: @Accuvant, or keep in touch via Facebook: http://tiny.cc/facebook553.
Wednesday, November 3, 2010
Risk Management Associates Awarded Contract with US Naval Facilities Engineering Service Center
Risk Management Associates, Inc. (RMA), a Raleigh security firm specializing in consulting, design, training, and investigation, has been awarded a contract to provide an Antiterrorism Resource Assistant dedicated to the Naval Facilities Engineering Service Center (NAVFAC ESC) in Port Hueneme, California. NAVFAC ESC is the headquarters of the Naval Facilities Engineering Command (NAVFAC), a branch of the US Navy in charge of managing planning, design, construction, contingency engineering, real estate, environmental, and public works support for U.S. Navy shore facilities around the world
The Resource Assistant provided by RMA will act as the NAVFAC ESC Antiterrorism Class Registrar, and, as such, will be the point of contact for antiterrorism workshops conducted by the Port Hueneme NAVFAC ESC. Responsibilities for the position will include – but not be limited to – providing detailed information to interested parties regarding workshops and offering assistance to attendees in matters of sponsorship, confirmation, and certification. In addition to being the point of contact for antiterrorism workshops, the Resource Assistant will provide additional support to the NAVFAC Antiterrorism Service Branch and its Branch Director.
“We are extremely proud to have been chosen as the recipient of this contract,” said Mike Longmire, President of Risk Management Associates. “It really speaks volumes about the quality of our team. We are honored and excited to be working with NAVFAC to help ensure the security of our country.”
About Risk Management Associates
Risk Management Associates (RMA) is a security consulting, design, training, and investigation company. Since its inception in 1988, RMA has become an industry leader, providing comprehensive security solutions to large and small clients in a variety of industries and geographic locations. With a philosophy based on mutual trust, respect and integrity, they exceed their clients' expectations by providing services that are tailored to their specific needs and budget. To learn more, visit http://www.rmasecurity.com.
About NAVFAC
The Naval Facilities Engineering Command (NAVFAC) manages the planning, design, construction, contingency engineering, real estate, environmental, and public works support for U.S. Navy shore facilities around the world. NAVFAC provides the Navy's forces with the operating, expeditionary, support and training bases they need. NAVFAC is a global organization with an annual volume of business in excess of $18 billion. As a major Navy Systems Command and an integral member of the Navy and Marine Corps team, NAVFAC delivers timely and effective facilities engineering solutions worldwide. Additional updates and information about NAVFAC can be found by visiting https://portal.navfac.navy.mil/portal/page/portal/navfac. Become a fan of NAVFAC on Facebook at http://www.facebook.com/navfac or follow them on Twitter at http://twitter.com/NAVFAC.
The Resource Assistant provided by RMA will act as the NAVFAC ESC Antiterrorism Class Registrar, and, as such, will be the point of contact for antiterrorism workshops conducted by the Port Hueneme NAVFAC ESC. Responsibilities for the position will include – but not be limited to – providing detailed information to interested parties regarding workshops and offering assistance to attendees in matters of sponsorship, confirmation, and certification. In addition to being the point of contact for antiterrorism workshops, the Resource Assistant will provide additional support to the NAVFAC Antiterrorism Service Branch and its Branch Director.
“We are extremely proud to have been chosen as the recipient of this contract,” said Mike Longmire, President of Risk Management Associates. “It really speaks volumes about the quality of our team. We are honored and excited to be working with NAVFAC to help ensure the security of our country.”
About Risk Management Associates
Risk Management Associates (RMA) is a security consulting, design, training, and investigation company. Since its inception in 1988, RMA has become an industry leader, providing comprehensive security solutions to large and small clients in a variety of industries and geographic locations. With a philosophy based on mutual trust, respect and integrity, they exceed their clients' expectations by providing services that are tailored to their specific needs and budget. To learn more, visit http://www.rmasecurity.com.
About NAVFAC
The Naval Facilities Engineering Command (NAVFAC) manages the planning, design, construction, contingency engineering, real estate, environmental, and public works support for U.S. Navy shore facilities around the world. NAVFAC provides the Navy's forces with the operating, expeditionary, support and training bases they need. NAVFAC is a global organization with an annual volume of business in excess of $18 billion. As a major Navy Systems Command and an integral member of the Navy and Marine Corps team, NAVFAC delivers timely and effective facilities engineering solutions worldwide. Additional updates and information about NAVFAC can be found by visiting https://portal.navfac.navy.mil/portal/page/portal/navfac. Become a fan of NAVFAC on Facebook at http://www.facebook.com/navfac or follow them on Twitter at http://twitter.com/NAVFAC.
Wednesday, October 20, 2010
Wipro a Strong Performer in Security and Risk Consulting Services -- Forrester
Wipro Technologies, the Global Consulting, System Integration and Outsourcing Business of Wipro Limited (NYSE: WIT) announced today that it has been recognized by Forrester Research, Inc., an independent research firm, as a strong performer in Security and Risk Consulting Services in a recently released report titled 'The Forrester Wave(TM): Information Security And Risk Consulting Services, Q3 2010'.
Forrester evaluated twelve global vendors providing Security and Risk Consulting Services across 75 criteria. The report states, "Wipro has made a significant dent in the consulting market by focusing on identity and access management (IAM) and then expanding much beyond."
Prasenjit Saha, Vice President and Global Head, Enterprise Security Solutions at Wipro Technologies, said, "We understand customers' priorities of keeping pace with evolving security threats and the changing regulatory environment. We believe the recognition by Forrester reinforces our commitment to address these challenges and our focus on investments that deliver innovative solutions which help our customers stay ahead of the curve." According to the report, security managers are turning to security consulting service providers not just to answer technology and implementation questions but also to answer questions on how to address consumerization, harness the power of social media, handle virtualization and understand cloud computing.
The report further states, "Wipro is the only Indian offshore provider with a standalone security consulting practice. While price remains a key differentiator, it has made significant progress in the North American and European markets. Its strength is in streamlining technologies and process in complex tactical security projects. It has developed some innovative consulting offerings in IAM and continues to provide value to clients in other areas such as data protection."
About Wipro
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application management, and datacenter managed services to corporations globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services.
Wipro also has a strong presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
For more information, please visit our website at www.wipro.com.
Forrester evaluated twelve global vendors providing Security and Risk Consulting Services across 75 criteria. The report states, "Wipro has made a significant dent in the consulting market by focusing on identity and access management (IAM) and then expanding much beyond."
Prasenjit Saha, Vice President and Global Head, Enterprise Security Solutions at Wipro Technologies, said, "We understand customers' priorities of keeping pace with evolving security threats and the changing regulatory environment. We believe the recognition by Forrester reinforces our commitment to address these challenges and our focus on investments that deliver innovative solutions which help our customers stay ahead of the curve." According to the report, security managers are turning to security consulting service providers not just to answer technology and implementation questions but also to answer questions on how to address consumerization, harness the power of social media, handle virtualization and understand cloud computing.
The report further states, "Wipro is the only Indian offshore provider with a standalone security consulting practice. While price remains a key differentiator, it has made significant progress in the North American and European markets. Its strength is in streamlining technologies and process in complex tactical security projects. It has developed some innovative consulting offerings in IAM and continues to provide value to clients in other areas such as data protection."
About Wipro
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application management, and datacenter managed services to corporations globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services.
Wipro also has a strong presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
For more information, please visit our website at www.wipro.com.
Tuesday, October 5, 2010
Aon Completes Merger With Hewitt Associates
Aon Corporation (NYSE: AON) today announced that it has completed its merger of Hewitt Associates, Inc. with a subsidiary of Aon, creating Aon Hewitt, the world's premier human capital solutions firm.
"The completion of this merger marks yet another important milestone in the history of Aon and is an industry-changing event that will create new standards in the human capital space," said Greg Case, president and chief executive officer of Aon. "Through Aon Hewitt, we will provide our clients with a broader portfolio of innovative products and services focused on what we believe are two of the most important topics facing today's global economy – risk and people."
Russ Fradin, chairman and chief executive officer of Aon Hewitt, added, "As Aon Hewitt, we are a stronger, more global industry leader, bringing innovative solutions and insights to organizations wherever they do business. Our focus remains constant—to serve clients exceptionally well every day. Clients can be confident Aon Hewitt has the expertise and experience to serve as a true partner, helping them with their most pressing business challenges."
Aon believes Aon Hewitt creates a global leader in human capital solutions and services, benefiting clients, colleagues and stockholders in several ways, including:
Aon Hewitt revenues of $4.3 billion and 29,000 colleagues globally. Combined revenues for fiscal year 2009 consist of 49% from consulting services, 40% from benefits administration and 11% from HR business process outsourcing, creating more resources for colleagues and more opportunities to distinctively serve clients with capabilities in greater than 120 countries around the world;
Leading global brand and client service recognition worldwide. Premier Hewitt brand will be leveraged along with Aon's client recognition to be leading employee benefits consulting firm;
Complementary product and service portfolio across consulting, benefits administration and HR business process outsourcing. Product portfolio will provide for significant cross-sell opportunities including the marketing of Hewitt's benefits administration and HR business process outsourcing services to Aon's clients, as well as the marketing of Aon's industry-leading risk services product portfolio to Hewitt's clients;
Diversified presence across large corporate and middle market. The combined client base will provide significant cross-sell opportunities to leverage Hewitt's predominantly large corporate client base with Aon's predominantly middle market client base;
Cost savings and operational efficiencies. The transaction is expected to generate approximately $355 million in annual cost savings across Aon Hewitt in 2013, primarily from reduction in back-office areas, public company costs, management overlap and leverage of technology platforms;
Expect to achieve a long-term operating margin in Aon Hewitt of 20%. Primarily through anticipated synergies and greater economies of scale, Aon Hewitt expects to deliver improved operational performance and a long-term operating margin of 20%;
Expect to create $1.5 billion of stockholder value. Strong cash flow generation of Hewitt, combined with expected synergies from the combination, are expected to deliver $1.5 billion of value creation for stockholders on a discounted cash flow basis, after subtracting the purchase price of the transaction.
About Aon
Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 59,000 colleagues worldwide, Aon readily delivers 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 through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest 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 brokerage revenues in 2007, 2008, and 2009, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007, 2008 and 2009 by the readers of Business Insurance. For more information on Aon, log onto www.aon.com.
"The completion of this merger marks yet another important milestone in the history of Aon and is an industry-changing event that will create new standards in the human capital space," said Greg Case, president and chief executive officer of Aon. "Through Aon Hewitt, we will provide our clients with a broader portfolio of innovative products and services focused on what we believe are two of the most important topics facing today's global economy – risk and people."
Russ Fradin, chairman and chief executive officer of Aon Hewitt, added, "As Aon Hewitt, we are a stronger, more global industry leader, bringing innovative solutions and insights to organizations wherever they do business. Our focus remains constant—to serve clients exceptionally well every day. Clients can be confident Aon Hewitt has the expertise and experience to serve as a true partner, helping them with their most pressing business challenges."
Aon believes Aon Hewitt creates a global leader in human capital solutions and services, benefiting clients, colleagues and stockholders in several ways, including:
Aon Hewitt revenues of $4.3 billion and 29,000 colleagues globally. Combined revenues for fiscal year 2009 consist of 49% from consulting services, 40% from benefits administration and 11% from HR business process outsourcing, creating more resources for colleagues and more opportunities to distinctively serve clients with capabilities in greater than 120 countries around the world;
Leading global brand and client service recognition worldwide. Premier Hewitt brand will be leveraged along with Aon's client recognition to be leading employee benefits consulting firm;
Complementary product and service portfolio across consulting, benefits administration and HR business process outsourcing. Product portfolio will provide for significant cross-sell opportunities including the marketing of Hewitt's benefits administration and HR business process outsourcing services to Aon's clients, as well as the marketing of Aon's industry-leading risk services product portfolio to Hewitt's clients;
Diversified presence across large corporate and middle market. The combined client base will provide significant cross-sell opportunities to leverage Hewitt's predominantly large corporate client base with Aon's predominantly middle market client base;
Cost savings and operational efficiencies. The transaction is expected to generate approximately $355 million in annual cost savings across Aon Hewitt in 2013, primarily from reduction in back-office areas, public company costs, management overlap and leverage of technology platforms;
Expect to achieve a long-term operating margin in Aon Hewitt of 20%. Primarily through anticipated synergies and greater economies of scale, Aon Hewitt expects to deliver improved operational performance and a long-term operating margin of 20%;
Expect to create $1.5 billion of stockholder value. Strong cash flow generation of Hewitt, combined with expected synergies from the combination, are expected to deliver $1.5 billion of value creation for stockholders on a discounted cash flow basis, after subtracting the purchase price of the transaction.
About Aon
Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 59,000 colleagues worldwide, Aon readily delivers 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 through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest 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 brokerage revenues in 2007, 2008, and 2009, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007, 2008 and 2009 by the readers of Business Insurance. For more information on Aon, log onto www.aon.com.
Wednesday, September 29, 2010
Risk Management Associates Welcomes New Hire, Michael R. Epperly, Esq.
Security consulting firm, Risk Management Associates, Inc. (RMA), recently added an in-house counsel and gained a valuable investigative asset in Michael Epperly. Epperly, a graduate of Campbell University and former law enforcement officer, will serve as the firm’s Legal Counsel, focusing on corporate compliance and ethics issues. He will also serve as a consultant and investigator to the firm’s clients.
Epperly, a native of Roanoke, Virginia, received his Juris Doctorate degree in 2002, and served in various investigative capacities in Virginia law enforcement before moving to North Carolina to begin his legal career. Prior to his hiring by RMA, Epperly worked for the NC Attorney General’s office and as the lead investigator for the NC Innocence Commission, where he investigated post-conviction claims of innocence by examining new evidence not presented at trial. Epperly also served as an intelligence officer in the US Navy.
“I’m very excited to put my skills and experience to use in a security consulting capacity,” said Epperly. “Private sector security has always been important to me because of its bearing on our national security. The more we learn about the operations and financing of organizations that threaten our national interests, the more it appears that the business community will be at the forefront of our national security efforts. Whether it is through protection of critical infrastructure, sustainability planning, or compliance with the laws designed to deny financing and other resources to our enemies, the business community has and will continue to play an increasingly significant role in our nation’s overall security effort.”
Epperly’s primary goal is to work in partnership with RMA’s clients to find “innovative, workable solutions that enable them to meet their comprehensive security goals – especially where others have tried and failed or informed them that those goals were unattainable.”
About Risk Management Associates, Inc.
Risk Management Associates (RMA) is a security consulting, design, training, and investigation company. Since its inception in 1988, RMA has become an industry leader, providing comprehensive security solutions to large and small clients in a variety of industries and geographic locations. With a philosophy based on mutual trust, respect and integrity, they exceed their clients' expectations by providing services that are tailored to their specific needs and budget. To learn more, visit http://www.rmasecurity.com.
Epperly, a native of Roanoke, Virginia, received his Juris Doctorate degree in 2002, and served in various investigative capacities in Virginia law enforcement before moving to North Carolina to begin his legal career. Prior to his hiring by RMA, Epperly worked for the NC Attorney General’s office and as the lead investigator for the NC Innocence Commission, where he investigated post-conviction claims of innocence by examining new evidence not presented at trial. Epperly also served as an intelligence officer in the US Navy.
“I’m very excited to put my skills and experience to use in a security consulting capacity,” said Epperly. “Private sector security has always been important to me because of its bearing on our national security. The more we learn about the operations and financing of organizations that threaten our national interests, the more it appears that the business community will be at the forefront of our national security efforts. Whether it is through protection of critical infrastructure, sustainability planning, or compliance with the laws designed to deny financing and other resources to our enemies, the business community has and will continue to play an increasingly significant role in our nation’s overall security effort.”
Epperly’s primary goal is to work in partnership with RMA’s clients to find “innovative, workable solutions that enable them to meet their comprehensive security goals – especially where others have tried and failed or informed them that those goals were unattainable.”
About Risk Management Associates, Inc.
Risk Management Associates (RMA) is a security consulting, design, training, and investigation company. Since its inception in 1988, RMA has become an industry leader, providing comprehensive security solutions to large and small clients in a variety of industries and geographic locations. With a philosophy based on mutual trust, respect and integrity, they exceed their clients' expectations by providing services that are tailored to their specific needs and budget. To learn more, visit http://www.rmasecurity.com.
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