Aon Consulting Worldwide, the consulting affiliate of the Chicago-based insurance broker Aon Corp., said it is acquiring Conrad & Sons Risk Specialists Pte Ltd, a specialist employee benefits and risk management consultancy in Singapore. Monetary terms were not disclosed.
Aon said the acquisition will add complementary skills and resources to Aon Consulting's existing business in Singapore and in the broader Asia Pacific region, particularly in the area of flexible benefit design and delivery. Conrad & Sons has 35 employees.
Collin Chiew, chief executive officer of Conrad & Sons, will become managing director of the combined operation of Aon Consulting in Singapore. The current managing director, Richard Tan, will become chairman.
(This story was updated on Oct. 2 at 8:58 a.m.)
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