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NEWS - Towers Watson Announces Expansion of Exchange Solutions Segment

January 23, 2014 – New York — In a move designed to help employers better navigate the dynamic health care environment, global professional services company Towers Watson announced today plans to unite the company-wide expertise and resources dedicated to health care exchanges and administration within its Exchange Solutions segment.

The company also announced that Jim Foreman, managing director of the Americas, will lead the expanded Exchange Solutions segment. Carl Hess, global head of the company’s Investment business, will succeed Foreman as leader of the Americas. Both appointments are effective February 1, 2014.

Towers Watson will combine the operations and associates of Extend Health, which it acquired in 2012; Liazon, which it acquired in late 2013; much of its North American Technology and Administration Solutions health care business, and other consultants dedicated to health care exchanges into the existing Exchange Solutions segment. The result will be a much larger and broader business unit dedicated to helping employers deliver health care benefits to their employees and retirees through private exchanges and administration. Bryce Williams and Ashok Subramanian will stay on in their current roles.

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