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Aon Hewitt announces collaboration agreement with Thomas Murray IDS

LONDON, 27 March 2014 – Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON), has announced that it has signed a collaboration agreement with Thomas Murray IDS, who will provide Aon Hewitt's clients in the UK with advisory, benchmarking and monitoring services in the field of asset servicing, global custody and related activities.

Tim Giles, partner at Aon Hewitt, said:
"Since the crisis of 2008, investors have become increasingly aware of the risks and costs associated with the safekeeping, custody and administration of investments. We have been looking for a partner who could help our clients to minimise risks and costs, while enhancing the operational performance of their service providers.
"Thomas Murray IDS is highly regarded in the custody and asset servicing sector, with 20 years of experience in advising pension funds and other investors.  Through this collaboration arrangement, we believe that Aon Hewitt is partnering with the leading specialist in this area - which will be greatly beneficial to our clients.”

Simon Thomas, Chairman of Thomas Murray IDS, said:
"We are extremely pleased to have been asked by Aon Hewitt to help them support their clients. The market failures of recent years have demonstrated that the safekeeping and servicing of invested assets pose real risks – but investors are often unaware of them and also of the true costs involved.

"Under this arrangement, Thomas Murray IDS will provide a range of services to Aon Hewitt's clients. These will include selection of custodians, depositary banks, and derivatives clearing members, as well as a range of benchmarks and risk ratings, including foreign exchange transaction cost analysis and reviews of how securely investments are held and registered globally. We will also continue to provide services to clients of other investment consulting firms."
 

Media Contact: 
Colin Mayes                                          Marina Jane Sanchez
Aon Hewitt                                            Capital MSL
01372 733689                                        020 3219 8811
colin.mayes@aonhewitt.com                  marina.jane-sanchez@capitalmsl.com
 

Notes to editors

Aon Hewitt Investment Consulting
Aon Hewitt Investment Consulting provides institutional investment advisory experience and knowledge to over $4 trillion assets throughout the world. Our services include alternative financing, compliance/operational due diligence, custody, delegated consulting, flight planning , global asset allocation, governance, liability management, manager research, risk management, risk modelling, risk settlement and transition etc. Our capability is founded on a large and diverse team of investment specialists who include former fund managers, investment bankers, economists and financial analysts among others.


About Aon Hewitt
Aon Hewitt empowers organisations and individuals to secure a better future through innovative talent, retirement and health solutions. We advise, design and execute a wide range of solutions that enable clients to cultivate talent to drive organisational and personal performance and growth, navigate risk while providing new levels of financial security, and redefine health solutions for greater choice, affordability and wellness.  Aon Hewitt is the global leader in human resource solutions, with over 30,000 professionals in 90 countries serving more than 20,000 clients worldwide.  For more information on Aon Hewitt, please visit www.aonhewitt.com.


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About Aon
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurancebrokerage, and human resources solutions and outsourcingservices. Through its more than 66,000 colleagues worldwide, Aonunites to empower results for clients in over 120 countries via innovativeand effective riskand peoplesolutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world’s best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.comfor more information on Aon and www.aon.com/manchesterunitedto learn about Aon’s global partnership and shirt sponsorship with Manchester United.


About Thomas Murray IDS
Thomas Murray IDS was established in London in 1994. It helps its clients manage and monitor their relationships with service providers including global custody banks, depositaries and fund administrators. Thomas Murray IDS’s clients include private and public sector pension schemes, insurance companies, sovereign wealth funds, investment managers, supranationals and foundations in Australasia, EMEA and North America.

 

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