CHICAGO, Aug. 26 /PRNewswire-FirstCall/ -- Aon's Implemented Investment Consulting group now manages more than $1 billion in total assets for U.S. based clients, according to Aon (NYSE: AON). This comes less than one year since the group's inception within the organization.
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"We saw the opportunity to help clients develop a de-risking strategy to ensure the sustainability of their defined benefit plan, or for many sponsors, the termination of their plan to remove the risk from the corporate balance sheet," said Kathryn Hayley, CEO of Aon Consulting. "In large part, the success of this group can be attributed to a differentiated approach, which not only includes risk mitigation, but also the development and execution of a pension plan exit strategy through a truly independent platform."
Building on Aon's risk management expertise, the Implemented Investment Consulting group develops a targeted approach – whether sustainability or plan termination – for each plan sponsor and a strategy to achieve it. The focus is on execution, from inception to the defined conclusion, creating a differentiated approach to removing risk.
"Aon partners with each client's investment committee to define the long-term goals and create a risk management road map, on which we execute," said Clint Cary, senior vice president with Aon Investment Consulting and head of the Implemented Investment Consulting team.
Disciplined execution leads to shorter decision cycle times, which in turn, decreases cost and volatility for plan sponsors, according to Aon.
"Clients understand our differentiated approach and recognize the value of risk management when adding Aon's expertise to their team," said Craig Pearlman, vice president and lead of Product and Business Development for Implemented Investment Consulting.
On July 12, Aon Corporation and Hewitt Associates, Inc., announced a definitive agreement to merge. Aon intends to integrate Hewitt—including Hewitt|EnnisKnupp—with its existing consulting and outsourcing operations (Aon Consulting) and operate the segment globally under a newly created Aon Hewitt brand. More information will be available upon close of the Aon Hewitt transaction.
About Aon's Implemented Investment Consulting
Aon's Implemented Investment Consulting group partners with clients of all sizes, and in various industries and geographies. The team of professionals within this group has experience working with plan sponsors, private entities, public entities and not-profit organizations. For more information on Aon's Implemented Investment Consulting group, please visit www.aon.com.
About Aon
Aon Corporation (NYSE: AON) is a leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 colleagues worldwide, Aon 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, 2009 and 2010 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. Visit http://www.aon.com for more information on Aon and http://www.aon.com/unitedin2010 to learn about Aon's global partnership and shirt sponsorship with Manchester United.
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SOURCE Aon Corporation
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