Concept

Oliver Wyman

Résumé
Oliver Wyman is an American management consulting firm. Founded in New York City in 1984 by former Booz Allen Hamilton partners Alex Oliver and Bill Wyman, the firm has more than 60 offices in Europe, North America, the Middle East, and Asia-Pacific employing over 5,000 professionals. The firm is part of the Oliver Wyman Group, a business unit of Marsh McLennan. Oliver Wyman's predecessor, Oliver, Wyman & Company, was founded in 1984 when six consultants left Booz Allen Hamilton to start their own consulting firm. Two of the founders, Alexander Oliver and William (Bill) Wyman, both partners at Booz wanted to create a company that would specialize and excel at consulting a certain industry at a time when most other firms were trying to become generalists. Oliver, Wyman & Company initially focused on working with large financial institutions. Wyman would ultimately leave the firm in 1995. He felt that the human side of consulting was taking a backseat to the analytical work which clients increasingly demanded. The firm is notable for a complex history of mergers & acquisitions. Management Consulted magazine wrote that "[t]he history entails so many reorganizations and changing of org charts that the archives would confuse even the most intelligent consultants themselves." In 2008, Harvard Business School published a case documenting how the acquisitions were restructured and rebranded to create a preeminent firm based on specialization and industry expertise. Although the oldest organization now incorporated into the company can be traced back to 1969, the modern firm was created in 2003 through a merger of Oliver, Wyman & Company with Mercer's financial services strategy & risk units. The acquisition came towards the end of a wave of purchases by Mercer in the United States, including consultancies Temple, Barker & Sloane bought in 1987, Strategic Planning Associates in 1989, and David Nadler's Delta Consulting Group which became "Mercer Delta" in 2000.
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