"This significantly enhances our ability to deliver greater value to customers through expanded capabilities, alongside Howden’s impressive global reach."
- Andrew Vaughan, Senior Partner at Barnett Waddingham
Last month (25/02), Howden announced that it had agreed to acquire Barnett Waddingham to expand its employee benefits & pensions advisory business.
“We have waited for the right partner to expand our capabilities, with experts who are entrepreneurial and culturally aligned, and with whom we can do more together,” explained David Howden, CEO of Howden, at the time.
READ MORE: Howden agrees to acquire Barnett Waddingham
Since this announcement, it has been reported that the Barnett Waddingham brand name will disappear within the next two years and there will be no redundancies, with the deal considered a “growth play” and “not about cutting costs.”
Today, Howden has completed its acquisition of Barnett Waddingham, making it one of the largest pensions & employee benefits firms in the UK.
“We’re delighted to begin our long-term journey with Howden now that the deal is officially complete. This significantly enhances our ability to deliver greater value to customers through expanded capabilities, alongside Howden’s impressive global reach,” said Andrew Vaughan, Senior Partner at Barnett Waddingham.
Howden has confirmed that all Barnett Waddingham partners have reinvested, demonstrating their long-term commitment to the business.
The combined business brings together almost 4k pensions & employee benefits experts globally, generating global revenue approaching £500mn.
