LINCOLNSHIRE, Ill., Oct. 15 -- Aon Hewitt, a subsidiary of Aon, issued the following news release:
Aon Hewitt (http://www.aon.com/human-capital-consulting/default.jsp), the global human resources services business of Aon plc (http://www.aon.com/default.jsp) (NYSE: AON), today announced that its global investment consulting business (operating as Hewitt EnnisKnupp (http://aon.mediaroom.com/index.php?s=43&item=2732#_ftn1) in the U.S.) now holds more than $30 billion assets under management for clients around the world in its Delegated Investment Solutions (https://ctech.rproxy.hewitt.com/hig/coreservices/delegatedservices/) businesses. In its role as delegated investment consultant, Aon Hewitt is given the discretionary authority by the pension plan's fiduciary committee to rebalance plan portfolios and, often, for the retention or termination of plan investment managers.
Aon Hewitt now provides delegated services for 101 plan sponsors around the world. In the U.S., Hewitt EnnisKnupp has won more than 60 new clients since announcing the offering in 2009. Currently, total assets under management exceed $19 billion. In the U.K, Aon Hewitt provides delegated investment consulting services for 32 scheme sponsors, representing $6 billion in assets under management.
"We continue to see rapid growth in the Outsourced Chief Investment Officer, or OCIO, business as plan sponsors increasingly move towards dynamic de-risking policies. Our capabilities allow them to implement these strategies so they can focus on the demands of their core business," said Clint Cary, head of U.S. Delegated Investment Services and chief investment officer at Aon Hewitt. "Clients choose to work with Hewitt EnnisKnupp to leverage our global investment advisory resources, industry leading actuarial teams and our plan settlement capabilities. Delivering these services at scale with independence uniquely positions us to deliver custom investment and risk management solutions for our clients."
About Hewitt EnnisKnupp
Hewitt EnnisKnupp, Inc., an Aon plc company (NYSE: AON), provides investment consulting services to over 450 clients in North America with total client assets of approximately $2 trillion. More than 240 investment consulting professionals in the U.S. advise institutional investors such as corporations, public organizations, union associations, health systems, endowments, and foundations with investments ranging from $3 million to $700 billion. For more information, please visit www.hewittennisknupp.com.
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