LCP international consulting network expands in Asia on 20th birthday
1 February 2011

Three Asian firms have joined LCP's international network of independent actuarial consultancies, to provide coverage around the world.

The new firms, Thanawala Consultancy Services (India), Actuarial Consulting Group (Singapore, Malaysia, China & Hong Kong), and PT Dayamandiri Dharmakonsilindo (Indonesia) join as the LCP network celebrates its 20th anniversary, having been founded in 1991.

Alex Waite, Partner and International Director at LCP, said "I'm delighted to welcome these new members to our network.  International companies increasingly need access to 'best of breed' local advisers around the world. The expansion of our network in Asia extends the footprint significantly and means that we can service client needs across the globe."

"LCP, which already has 7 offices in the UK and Europe, has been steadily growing its global network to include more leading independent actuarial consultancies.  These consultancies now employ over 6,000 employees in more than 30 countries across Europe, North and South America, Africa and Asia, making it the largest independent network of its kind."

"This global coverage is increasingly important as our clients operating in, or expanding into different areas across the world want to know what benefits they are required to provide under local legislation, what they need to provide to be competitive, and the most effective way to manage and finance these benefits with minimal risk."

"In a period where many employee benefit consultancies have merged or been taken over, we are excited to have developed these new relationships with leading local actuaries in so many countries.  We are also proud to have maintained connections for over 20 years with the network's other founding firms in the USA, Germany and France."

A total of ten companies have joined LCP's international network in the last three years.  Other partner firms who have joined in this period include JP Actuary (Japan), Rodarte Nogueira (Brazil), Novaster (Spain and Latin America), LCP Libera (Switzerland), SPP Konsult (Sweden), LCP Netherlands and Premium Consulting (France).

About LCP

LCP is one of the leading pension and investment consultancies in Europe, with a wide range of clients including state-owned, public and private companies, as well as industry-wide pension funds and non-profit organisations.  Clients include AB InBev, BASF, Elan Corporation, GlaxoSmithKline, Hilton Worldwide, Novartis, Smith & Nephew, Tate & Lyle, UBS and Volkswagen.

The firm has more than 500 staff across locations in London, Winchester, Jersey, Brussels, Zurich, Basel, Utrecht and Dublin.  Further information can be found at www.lcp.uk.com

LCP is part of the Alexander Forbes group of companies, which employs over 4,000 people internationally.  For more information on Alexander Forbes and its insurance, risk and financial services, please visit the website at www.alexanderforbes.com

About LCP's international network

LCP's international network of independent actuarial consulting firms was founded in January 1991.  The network provides a full range of local and international consulting services on pensions, insurance and employee benefits issues.

Each firm in the network is independently owned and managed, and is able to develop their own business to best meet local needs.  Together, these network firms have over 6,000 employees in more than 30 countries across five continents, and advise over half of the world's 100 largest multinationals.

• Thanawala Consultancy Services was formed in 1977, has 18 staff in Mumbai and Bangalore, and advises local companies and multinationals across the Indian subcontinent including in India, Nepal, Bangladesh and Sri Lanka.
• Actuarial Consulting Group was formed in 2003 and has six senior actuaries, with significant experience in pensions and insurance consulting.  Based in Singapore, Actuarial Consulting Group can provide advice across Asia, with strategic alliances in Indonesia, Malaysia, China and Hong Kong, and experience of benefits issues in Taiwan, Philippines, South Korea and the Seychelles.
• PT Dayamandiri Dharmakonsilindo, an alliance partner of Actuarial Consulting Group, was formed in 1990 and, with 17 consulting associates, is one of the leading independent actuarial consulting firms in Indonesia that advises local and multinational companies.

Other firms in the network include Alexander Forbes Financial Services (Africa), Sibson Consulting (USA and Canada), Rüß, Dr. Zimmermann und Partner (Germany), and Groupe Henner (France).