International consultants Watson Wyatt has hired 11 staff for its new German arm from its German joint venture Wyatt Bode Grabner.
“We are delighted that 11 associates have chosen to join us from the joint venture,” says marketing manager Simon Bleach. “They approached us to work for Watson Wyatt Deutschland GmbH entirely on their own initiative.”
The office is currently headed up by senior consultant Ute Hoenes. “However, we will be appointing a managing consultant in due course,” Bleach adds.
Watson has a 20-year joint venture with German actuarial firm Bode Grabner Beye called Wyatt Bode Grabner.
Bleach adds: “Recognising that we had different strategic objectives for the future, Watson Wyatt LLP launched its own actuarial and benefits consulting business in Germany, Watson Wyatt Deutschland, in October of this year.
“This business, based in Munich, is a wholly owned subsidiary of Watson Wyatt LLP. It is not linked to nor responsible for, nor has it taken over the business of Wyatt Bode Grabner.
He says the firm is integrating the new business with Watson Wyatt LLP’s existing human capital consulting practice in Duesseldorf. He adds: “We are likely to include investment consulting and our other services in the future.”

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