Thomas Murray IDS 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.
Aon Hewitt is the global talent, retirement and health solutions business of Aon.
Under the arrangement, Thomas Murray IDS will provide a range of services to Aon Hewitt's clients, including 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.
Thomas Murray will also continue to provide services to clients of other investment consulting firms.?
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:?"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.”?
.jpg)