Oliver Wyman Group
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| Subsidiary of Marsh & McLennan | |
| Industry | Management Consulting |
| Founded | 1984; became Oliver Wyman in 2007 |
| Headquarters |
1166 Avenue of the Americas New York City, U.S. |
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Key people
|
Scott McDonald (CEO) |
| Services | Management Consulting |
| Revenue | USD$ 1.8 Billion in 2016 |
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Number of employees
|
4000 employees |
| Parent | Marsh & McLennan Companies |
| Website | www |
Oliver Wyman is an international management consulting firm with a large focus on banking and financial services. Founded in 1984, the firm adopted its current form in May 2007, when Mercer Oliver Wyman joined with Mercer Management Consulting and Mercer Delta to become one firm named Oliver Wyman. As of fiscal year 2016, it was the fourth biggest management consulting firm in the world in terms of revenue, ranking just below the Big Three. It is part of the Oliver Wyman Group, a business unit of Marsh & McLennan.
The company is headquartered in New York City with 50+ offices in the Americas, Europe and Asia Pacific and employs over 4,000 professionals.
In 1984, Oliver, Wyman & Company, the first of three companies that would become Oliver Wyman, was founded by Alex Oliver and Bill Wyman - former partners from Booz Allen Hamilton. In 2003, Oliver, Wyman & Company was bought by Marsh & McLennan Companies (MMC) and became part of its Mercer Consulting businesses under the name Mercer Oliver Wyman. The company specialized in working with banks, insurance and financial services companies.
Mercer Management Consulting was formed through the combination of Temple, Barker & Sloane, which was founded in Boston in 1970 and acquired by MMC in 1987, and Strategic Planning Associates, which was founded in Washington, D.C. in 1972 and acquired by MMC in 1989. The two companies merged in 1990 as Temple, Barker & Sloane/Strategic Planning Associates, which was renamed Mercer Management Consulting in 1992. The company specialized in management consulting for industry and services.
Mercer Delta was founded in New York in 1980 by David Nadler as Delta Consulting and was acquired by MMC in 2000. The company was known for organizational transformation, board effectiveness and CEO leadership development.
Reportedly in 2005, Mercer Oliver Wyman was the unnamed consulting firm that in 2005 recommended to Citigroup's "senior-most management" to expand parts of its fixed income business, including in collateralised debt obligations (CDO), which led to more than US$50 billion in losses and ultimately a rescue by the U.S. government. The firm made similar recommendations to UBS, which expanded its CDO portfolio, suffered huge losses and had to be bailed out by the Swiss government.
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Wikipedia