Marsh & McLennan News

Edward Kieswetter, CEO, Alexander Forbes

Alexander Forbes IPO Suggests Valuation of Almost $1 Billion

Alexander Forbes Ltd. will price its initial public offering at as much as 8.05 rand ($0.75) a share, valuing Africa’s largest independent retirement-fund administrator at about 10.5 billion rand.

Julio Portalatin, CEO, Mercer

Marsh & McLennan to Buy 34% of Alexander Forbes of South Africa

Marsh & McLennan Cos (MMC) will buy a 34 percent stake in South Africa‘s Alexander Forbes Ltd. (AFB) as Africa’s largest independent pension-fund manager prepares to sell shares on the Johannesburg Stock Exchange next month.