Mercer announced today that it has acquired Denarius, a leading
compensation and benefits survey and information products consulting
firm based in Santiago, Chile. The acquisition further strengthens
Mercer’s capabilities in Chile, building upon strong relationships the
firm has with multinationals and expanding Mercer’s business with
Chilean-based business organizations that rely on the expertise of
Denarius.
“The combined strength of Mercer and the capabilities of Denarius
address the growing interest of Chilean organizations in effectively
managing their most important asset, their people, and thus achieving
competitive advantage,” said Eduardo Ragasol, head of Latin America at
Mercer. “Increasingly, successful organizations in Chile recognize the
importance of good information on which to base decisions about how best
to attract and retain key talent. Clients of both Mercer and Denarius
will benefit from the scope, scale, and resources that we can apply to
help them achieve success.”
The Denarius senior management team joining Mercer includes Gloria
Landabur, Denarius General Manager, who will continue leading the
Denarius organization, now reporting to Pablo Garcia Yañez, Chile
Country Manager and Talent Leader, and Javier Tabakman, Latin America
Talent Leader.
Terms of the transaction were not disclosed.
About Mercer
Mercer is a global leader in talent, health, retirement, and
investments. Mercer helps clients around the world advance the health,
wealth, and performance of their most vital asset – their people.
Mercer’s more than 20,000 employees are based in 42 countries and the
firm operates in over 130 countries. Mercer is a wholly owned subsidiary
of Marsh
& McLennan Companies (NYSE: MMC), a global team of professional
services companies offering clients advice and solutions in the areas of
risk, strategy, and human capital. With over 53,000 employees worldwide
and annual revenue exceeding $11 billion, Marsh & McLennan Companies is
also the parent company of Marsh,
a global leader in insurance broking and risk management; Guy
Carpenter, a global leader in providing risk and reinsurance
intermediary services; and Oliver
Wyman, a global leader in management consulting. For more
information, visit www.mercer.com.
Follow Mercer on Twitter @MercerInsights.
About Denarius
Denarius was funded by Seminarium Penrhyn, a leading executive search
and selection company. Its history dates to 1998, when aiming to provide
Seminarium’s clients with the most reliable information on competitive
market rates, the firm decided to conduct an executive compensation
survey which then expanded over time. As a result, in 2008 Seminarium
formed Denarius, a new company specialized in highly analytical and
reliable high-level compensation surveys. Denarius has been very
successful and after three years it was the leading company providing
data on compensation of top executives in terms of sample size. Today
Denarius is the leading compensation survey company in Chile, with a
portfolio of 14 products and a database composed of more than 600
companies which each year provide confidential compensation data not
available from other sources.
Copyright Business Wire 2014