Towers Watson - wikipedia Towers Watson Towers Watson & Co. Traded as TW Industry Professional services Fate merged Predecessor Towers Perrin Watson Wyatt Worldwide Successor Willis Towers Watson Founded 2010 ; 8 years ago ( 2010 ) Headquarters Arlington, Virginia, United States Area served Global Key people John J. Haley ( Chairman, President, and CEO ) Products Employee benefits, talent management, rewards, and risk and capital management Revenue US $ 3.60 billion ( 2013 ) Net income US $ 319 million ( 2013 ) Number of employees 14,500 ( 2012 ) Parent Willis Towers Watson Website www.towerswatson.com Towers Watson & Co. was a global professional services firm. Its principal lines of business were risk management and human resource consulting. It also had actuarial and investment consulting practices. In January 2016, Towers Watson merged with Willis Group to form Willis Towers Watson. Contents 1 Overview 2 History 3 Merger 4 References 5 External links Overview Towers Watson was formed on January 4, 2010, by the merger of Towers Perrin and Watson Wyatt Worldwide. The merger created the world 's largest employee - benefits consulting firm by revenue. Towers Watson has 14,000 employees in 35 countries and is expected to have revenue of US $ 3.6 billion per year. Towers Watson 's Chief Executive Officer and Chairman of the Board is John Haley, the former CEO of Watson Wyatt. The firm 's first Chief Operating Officer, President, and Deputy Chairman was Mark Mactas, the former CEO of Towers Perrin. History Towers Watson is the successor to R. Watson & Sons, which was formed in the UK in 1878. B.E. Wyatt founded The Wyatt Company as an actuarial consulting firm in the USA with seven co-founders in 1946. The two firms formed a global alliance under the brand Watson Wyatt Worldwide in 1995 and formally merged in August 2005. Towers, Perrin, Forster & Crosby was established in the U.S. in 1934, although one of its predecessor firms, the insurance broker Henry W. Brown & Co., was founded in 1871. In 1987, the company shortened its name to Towers Perrin. On June 28, 2009, the two firms announced they would merge, pending approval by shareholders and regulatory agencies, in a merger of equals. Regulatory approval was granted by anti-trust divisions of the U.S. and the E.U., and stock - owners overwhelmingly approved the merger in separate meetings on December 18. In November 2010, Towers Watson signed a definitive agreement to acquire EMB Consultancy. EMB specialized in property & casualty consulting. EMB also had software dealing with pricing, reserving, spatial smoothing analysis, capital and risk modelling. The deal was completed as of February 1, 2011. Merger Main article : Willis Towers Watson On June 30, 2015, Towers Watson announced it would merge with Willis Group to create Willis Towers Watson. The combined company operates in 120 countries, with a workforce of approximately 39,000 employees, revenues of $8.2 billion and a value of $18 billion. This merger was approved by both firms ' shareholders on December 11, 2015. The merger was concluded on January 5, 2016, after all regulatory approvals were received. References Jump up ^ `` Leadership of Towers Watson ''. Towers Watson. ^ Jump up to : `` Financial Highlights of Towers Watson 2013 Annual Report ''. Towers Watson. Jump up ^ Cowan, Lynn ( January 4, 2010 ). `` Towers Watson Executives See Growth Ahead For Merged Firms ''. The Wall Street Journal. Archived from the original on 27 January 2010. Retrieved January 12, 2010. Jump up ^ Hughes, Emma Ann ( January 4, 2010 ). `` Towers Perrin and Watson Wyatt complete merger ''. FT Adviser. Retrieved January 12, 2010. ^ Jump up to : `` Our History ''. Watson Wyatt Worldwide. Archived from the original on 22 August 2008. Retrieved January 13, 2010. Jump up ^ `` History ''. Towers Perrin. Archived from the original on 4 August 2008. Retrieved January 13, 2010. Jump up ^ `` Towers Perrin and Watson Wyatt to Combine to Form Towers Watson ''. Watson Wyatt Worldwide and Towers Perrin. June 28, 2009. Retrieved January 13, 2010. Jump up ^ Pichardo - Allison, Raquel ( June 29, 2009 ). `` Towers Perrin and Watson Wyatt to merge ''. Global Pensions. Retrieved January 13, 2010. Jump up ^ Stapleton, Jonathan ( December 4, 2009 ). `` Towers Perrin / Watson Wyatt merger cleared by European Commission ''. Global Pensions. Retrieved January 13, 2010. Jump up ^ Pichardo - Allison, Raquel ( December 22, 2009 ). `` Towers Perrin, Watson Wyatt shareholders approve merger ''. Global Pensions. Retrieved January 13, 2010. Jump up ^ `` Towers Watson to acquire EMB 's global operations ''. New Statesman. November 11, 2010. Retrieved April 2, 2011. Jump up ^ `` Towers Watson completes acquisition of EMB ''. Towers Watson. February 1, 2011. Retrieved April 2, 2011. Jump up ^ `` Willis Group and Towers Watson Announce Merger to Create Leading Global Advisory, Broking and Solutions Firm '', 30 June 2015. Jump up ^ `` Willis and Towers Watson to merge in $18 B deal ''. CNBC. Retrieved 30 August 2010. Jump up ^ Flaherty, Michael ; Subba, Nikhil ( December 11, 2015 ). Baum, Bernadette ; Dasgupta, Shounak, eds. `` Towers Watson, Willis merger gets shareholder nod ''. Reuters. Thomson Reuters. Retrieved 2015 - 12 - 17. External links Official website Consulting Firms Management A.T. Kearney Accenture Arthur D. Little Atos Consulting Bain & Company BearingPoint Booz Allen Hamilton Boston Consulting Group Capgemini Consulting Deloitte ( Monitor Deloitte ) Ernst & Young ( Parthenon ) Gallup Huron Consulting Group KPMG L.E.K. Consulting Marsh & McLennan Companies ( Oliver Wyman ) McKinsey & Company PA Consulting Group PricewaterhouseCoopers ( Strategy& ) Roland Berger Finance Analysis Group Aon BDO Global Capco Deloitte Ernst & Young FTI Consulting Grant Thornton International KPMG Mazars Milliman PricewaterhouseCoopers RHI IT Accenture Altran Atos Avanade Business & Decision Cambridge Consultants Capgemini CGI Group Cognizant DXC Technology Fujitsu Hitachi Consulting IBM Global Services Infosys Consulting iResearch Consulting Group PA Consulting Group Protiviti Slalom Consulting Sogeti Sopra Steria Tata Consultancy Services Unisys HR Aon ( Aon Hewitt ) Buck Consultants Hay Group Marsh & McLennan Companies ( Mercer ) Robert Half International Towers Watson Defunct / Merged Accenture ( Kurt Salmon ) Aon Hewitt ( Hewitt Associates ) Arthur Andersen DXC Technology ( Hewlett Packard Enterprise * CSC ) Ernst & Young ( Ernst & Ernst * Arthur Young & Co. * Ernst & Whinney ) PricewaterhouseCoopers ( Price Waterhouse * Coopers & Lybrand ) People Founders James L. Allen Arthur E. Andersen Bill Bain Roland Berger Edwin G. Booz Marvin Bower William Welch Deloitte Alwin C. Ernst Bruce Henderson Piet Klijnveld Arthur Dehon Little James Marwick James O. McKinsey Michael Porter Arthur Young MDs / CEOs Dominic Barton Charles - Édouard Bouée Orit Gadiesh Rich Lesser Punit Renjen Mark Weinberger Pierre Nanterme Paul Hermelin Areas Management consulting Assurance services Audit Biotechnology consulting Economic consulting Financial adviser Human resource consulting Information technology consulting Performance consulting Public sector consulting Risk and strategic consulting Tax advisor Asset - based consulting Others Accounting networks and associations ( Big Four accounting firms ) Big Three ( management consultancies ) Business consultant Business networking Case interview Certified management consultant Consultant Consulting firm Enron scandal Grade ( consulting ) House of Lies Professional services networks Professional services Strategy + Business Victor Cheng Time and materials Fixed - price contract List of management consulting firms List of IT consulting firms Retrieved from `` https://en.wikipedia.org/w/index.php?title=Towers_Watson&oldid=827291446 '' Categories : Companies formerly listed on NASDAQ Actuarial firms Consulting firms established in 2010 International management consulting firms Management consulting firms of the United States Human resource management consulting firms Hidden categories : EngvarB from September 2015 Use dmy dates from September 2015 Pages using infobox company with unsupported parameters Talk Contents About Wikipedia Español Français 日本 語 中文 Edit links This page was last edited on 23 February 2018, at 21 : 47. 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Question: when did towers perrin and watson wyatt merger
Answer: January 4, 2010