Towers Watson is to acquire Oxford Investment Partners to expand its investment capabilities and strengthen its leadership position in the fiduciary management market.
The deal is for an undisclosed sum and subject to regulatory approval. Oxford Investment Partners (OXIP) will become part of Towers Watson’s investment business through the transfer of staff, physical assets, software and intellectual property.
Chris Ford, Europe, the Middle East and Africa head of investment at Towers Watson, said: “We are always looking to respond to the changing needs of our clients and bringing OXIP into Towers Watson is another such example. In doing so, we are meeting the need of clients to gain access to a spread of the best-in-class managers across a diverse range of asset classes, but in a simple and cost-effective way.”