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Watson Wyatt Worldwide Acquires Davis, Conder, Enderle & Sloan

Actuarial Firm Will Merge with Watson Wyatt’s Chicago Office

WASHINGTON, DC, October 6, 2005 – Watson Wyatt Worldwide, a global human capital consulting firm, today announced it has acquired Davis, Conder, Enderle & Sloan (DCE&S), a Chicago-based actuarial and retirement benefits consulting firm.

Founded in 1992, DCE&S provides a full range of actuarial consulting services for corporate pension and retiree medical benefit programs. The acquisition of DCE&S will add 29 experienced retirement consultants and staff, including 17 actuaries, to Watson Wyatt’s existing staff in Chicago. Both firms expect a seamless transition and uninterrupted service for DCE&S clients.

“We are very excited about combining DCE&S’s outstanding capabilities and reputation with those of Watson Wyatt in Chicago,” said Alan Whalley, U.S. region manager at Watson Wyatt. “The combined consulting resources in Chicago will greatly enhance our ability to serve clients in our target market, and will provide greater opportunity for us in the marketplace.”

“Both DCE&S and Watson Wyatt share a common culture and vision – to provide outstanding service and deliver high quality work to clients,” said David Conder, President of DCE&S. “We are thrilled to join Watson Wyatt and use our combined resources and talent to offer all our clients a broader range of services.”

All seven DCE&S principals, including three of the firm’s four founders – David Conder, Gordon Enderle and Matt Sloan – will join Watson Wyatt. The fourth founder, Rowland Davis, had previously retired.

About Watson Wyatt

Watson Wyatt (NYSE:WW) is a leading global human capital and financial management consulting firm. The firm specializes in employee benefits, human capital strategies, technology solutions, and insurance and financial services and has 6,000 associates in 32 countries.

About Davis, Conder, Enderle & Sloan

Davis, Conder, Enderle & Sloan is a Chicago-based actuarial and retirement benefits consulting firm. Since 1992, the firm has been providing employers with a full range of actuarial consulting services for corporate pension and retiree medical benefit programs, including plan design and administration, investment policy and administration software.

Contact

David Popper
(703) 258-7582
david.popper@watsonwyatt.com

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