Setback in Singapore for Watson Wyatt
Rival investment consultant Mercer has gone from loser to leader in the Lion City, where Watson Wyatt was left vulnerable by its focus on North Asia.
Industry sources in Singapore report that Watson Wyatt has effectively closed its investment consulting business there, although Watson Wyatt says the business remains open but with a bigger focus on manager research.
The decision by Watson Wyatt to alter its business position in Singapore caps the gradual usurption of its once-dominant role by rival Mercer Investment Consulting, which has emerged as the only major player activelyáproviding investment consulting advice to local institutions. But it also shows how Watson Wyatt has...
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