Howden has announced a strategic agreement to acquire Barnett Waddingham, a UK-based professional services consultancy renowned for its expertise in risk management, pensions, investment, and insurance.
This merger will significantly bolster Howden’s global employee benefits division, effectively doubling its size. The combined forces will comprise approximately 4,000 specialists, aiming to generate revenues nearing £500 million on a global scale.
The newly integrated organization will deliver a comprehensive suite of employee benefits and pensions advisory services tailored for corporate clients, ranging from large multinational corporations to small and medium-sized enterprises, across both private and public sectors.
Furthermore, it will offer targeted health, life, and specialized pension products directly to individuals.
David Howden, CEO of Howden, remarked, “In our quest to evolve into a global brokerage leader, we recognize the importance of establishing a world-class employee benefits business for our clients.”
Glenn Thomas, CEO of UK Health & Employee Benefits and global practice leader at Howden, emphasized, “Barnett Waddingham’s deep expertise in pensions, coupled with Howden’s dominant presence in the health and employee benefits sector, results in a full-service offering, forming one of the largest pensions and employee benefits consultancies in the UK.”
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