Posted on 07 Feb 2012
Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corporation, has announced that it is extending its investment consulting services to the insurance market and building on its existing offering to the corporate sector.
With insurance companies facing fresh challenges in the way they manage their assets and liabilities, the new Aon Hewitt services will offer both advisory guidance and delegated investment services across a range of issues, including help on strategy and manager selection. Similarly, for multi-nationals and UK corporates, the Aon Hewitt team will offer broad strategic advice on existing pension plans as well as other asset pools, with advisory services available on a range of issues from guidance on governance matters through to global flightplans.
A new team focusing on these areas across Europe has been created under the leadership of Zuhair Mohammed, who first launched and then led Aon Hewitt's Delegated Consulting Services during the last five years.
John Rushen UK head of Investment Consulting at Aon Hewitt, said:?"This is a new and exciting venture for investment consulting at Aon Hewitt and we have asked Zuhair Mohammed to take the lead. Zuhair has made a considerable success of building our Delegated Consulting Services to its current position and we are very pleased that he is bringing his skills to this new challenge. This is an area of great potential."
New leaders for Delegated Consulting Service
With Zuhair Mohammed’s appointment to lead this new team, Aon Hewitt's UK Delegated Consulting Services will now be co-led by Ian Bailey and Paul Docherty.
John Rushen said: "I am very pleased to announce that Ian Bailey and Paul Docherty are stepping into the leadership of our Delegated Consulting Services - they represent a great combination to guide the Delegated team forward. They are aligned in a common aim, have highly complementary skill sets and experience and have an excellent working relationship.
"This is an exciting period for Aon Hewitt's Delegated Consulting Services – we now work with 98 pension schemes globally with $23 billion of assets under management. Everyone is aware of the issues that schemes face and the way they have been exacerbated by the economic woes of the last few years, but our market experience is that fiduciary or delegated solutions are increasingly becoming established as the way to widen a scheme's options and its ability to respond effectively to both threats and opportunities."