Consultancy firms merge

consultanTS Towers Perrin, Forster and Crosby, and Watson Wyatt are to merge, creating a global firm, Towers Watson and Co.

Towers Watson will focus its operations on three main areas: benefits, talent and reward, and risk and financial services. It will build on its existing thought leadership and research, supported by a more comprehensive set of services, from strategic advice to solutions and implementation.

John Haley, chief executive officer at Towers Watson, said: "The combination will further strengthen our core service lines, while offering our clients an enhanced portfolio."