(January 3, 2012) — The head of one of the world’s largest investment consulting businesses has left the firm after overseeing a large merger to grow its global marketshare.
Andrew Tunningley, head of investment consulting at Aon Hewitt, has left the firm, a spokesman confirmed today, less than two years after a merger that brought together three of the largest consultancies: Aon, Hewitt, and Ennis Knupp.
Tunningley’s departure follows an internal reorganisation of the company.
A statement from Aon Hewitt wished its former business head well and said: “Andrew Tunningley has been with the firm for over 21 years and overseen dramatic growth in investment consulting…Having completed the integration for the investment consulting teams from Aon, Hewitt and Ennis Knupp and growing the delegated business to have more than $20 billion under management, Andrew leaves the world’s largest investment consulting firm, in good shape.”
Tunningley took the helm of Hewitt’s investment consulting business in 2003 and led it through the takeover of UK firm Bacon & Woodrow.
It is believed that Tunningley will be exploring new ventures within the industry in the coming months. He could not be reached for comment at the time of going to press.
To contact the <i>aiCIO</i> editor of this story: Elizabeth Pfeuti at <a href="mailto:epfeuti@assetinternational.com"> epfeuti@assetinternational.com</a>; (44) 207 397 3816. Follow on Twitter at @ai_CIO