Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly owned subsidiary of Marsh & McLennan Companies plans to acquire Human Resources Business Solutions (HRBS), a provider of career and talent consulting and information services to clients across Asia, with concentrated strength in Hong Kong, Singapore and mainland China.

This acquisition will extend Mercer’s leadership in Asia in compensation and benefits expertise, an area of critical importance in the region’s high demand talent markets.

Susan Haberman, Mercer’s Talent Business Leader for Growth Markets said, “HRBS has an excellent reputation for talent consulting combined with consistent, highly sought after information. The acquisition will strengthen Mercer’s competitive position in its core Talent business and will fuel faster growth than we would have achieved organically. Together, we will bring the best possible information and solutions to our clients.”

HRBS will enhance Mercer’s portfolio in the areas of remuneration strategy, pay structure design, short- and long-term incentive design and performance management.

See: Employee Benefits: Can Creative Benefits Make Up For Lack Of Cash?

It will also bring a range of regular surveys to Mercer clients, including an Executive Pay Survey, an Employee Benefits Survey and industry-specific surveys across numerous sectors, including luxury goods, retail, garment buying, market research, marketing services, internet and construction.

Elaine Ng, Managing Principal and Co-Founder of HRBS said, “This strategic move is a win-win for both companies and our clients. Few organizations can offer high quality data and advisory capabilities in executive compensation. By combining HRBS’ skillsets with those of Mercer, we will be redefining executive compensation solutions in the marketplaces of Asia.”

Founded in 2001, HRBS has offices in Hong Kong, Singapore, Shanghai and Beijing and employs approximately 45 professionals. The company has built a strong brand on the bedrock of its operation being the high quality and consistency of its executive remuneration information assets, which cover both multinational and publicly listed firms.

The company is a dominant player in the compensation and benefits space for inbound multinationals and has established market leadership in the luxury goods, retail and apparel-sourcing sectors across Asia.

The transaction is expected to close in the next 30 days. This deal will enhance Mercer’s Talent and Rewards leadership across Asia.

Also read: How to Stop Brain Drain in Asia?