Mercer Enters German Pension Arena

February 18, 2003 ( - Mercer's German Human Resource Consulting arm has entered into an agreement with KPMG to acquire its German Actuarial Services division.

With the deal subject to approval by the German Cartel Office and other customary conditions, Mercer will see its staff grow to 180 employees in Cologne, Duesseldorf, Frankfurt, Hamburg, Hanover, Munich, and Stuttgart.   The growth in the German pension staff includes approximately 70 pension consultants currently with KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft. Terms of the agreement were not disclosed.

Among the transfers to Mercer’s German group are the three most senior actuaries from KPMG, Raimund Rhiel, Helmut Rehpenn, and Walter Schmidtchen. Rhiel, presently the head of KPMG’s Actuarial Services division, is slated to become Mercer’s chief actuary and head of the retirement practice.