The HR supergroup
Founded in 2010, Towers Watson is one of the world's largest HR and actuarial consulting firms-the result of a merger between Towers Perrin and Watson Wyatt Worldwide after years of direct competition between the two. The firm has  over 14,000 employees and multiple offices on every continent but Antarctica. Its practices focus on human resources and risk and financial management.

In mid-2009, both Towers Perrin and Watson Wyatt agreed to what was billed as a "merger of equals," creating one powerhouse that would possess twice the headcount and global presence of either originating firm. By the time the merger was consummated at the start of 2010, Towers Perrin and Watson Wyatt had each shifted their headquarters from Connecticut and Virginia, respectively, to a central location in New York City.

TP + WW = TW 4eva?
The formation of Towers Watson brought together decades of experience and history from the constituent firms. Towers Perrin began operations in 1934 as an insurance and pension advisory, although its full history-complete with yet more mergers-dates  back as far as 1871. Since the 1940s, Towers Perrin published its TPF&C Pension Tax Manual, which became standard issue for the Internal Revenue Service for tax law guidance. Much of Towers' finance and insurance actuarial services were handled by its Tillinghast division, the largest practice of its kind in the world, which offered consultation and software solutions to insurance and financial services companies.

Watson Wyatt was no stranger to mergers itself; the firm was the famous product of an alliance between two longstanding actuarial legends, The Wyatt Company and R Watson & Sons. Regarded as the world's oldest actuarial firm, R Watson & Sons began in 1878 and grew to become an industry leader largely through advisory work for the British government in establishing social insurance programs. The Wyatt Company, meanwhile, was established as a U.S. actuarial concern in 1946 and rapidly expanded its practices and global presence through the following decades. The two joined forces in 1995 to operate under the name Watson Wyatt Worldwide, with Wyatt Company's branches handling North American business and the R Watson & Sons group holding covering Europe. The alliance between them was in name only, and it wasn't until 2005 that a formal merger brought them together to form a singular entity.

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Towers Watson

875 Third Avenue
New York, NY 10022
Phone: (212) 725-7550


Major Office Locations

  • New York, NY (HQ)

Key Financials

  • 2014 Revenue: $3,600 million

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