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Mercer purchase confirms interest in Illawarra

Release Date: 2/12/2016
The purchase of Pillar Administration (Pillar) by Mercer confirms the interest and potential of the Illawarra as an administrative centre for the financial services sector.
Illawarra Business Chamber (IBC) Executive Director, Chris Lamont, said the region offers many competitive advantages for the financial services sector which should encourage greater investment and more employment.
A condition of the NSW Government's sale of Pillar will see it remain in Wollongong.
Mercer is one of Australia’s largest actuarial and investment consulting companies and the IBC is encouraging Mercer to consider the benefits of expanding their operations in the region.
Mercer’s has more than 20,000 employees based in 43 countries.
“This region has so many competitive advantages: access to highly skilled employees, strong workplace retention rates, lower operating costs and the capacity to offer employees an affordable and quality lifestyle.
We want more skilled jobs for the Illawarra and this is another area where the region is well placed to offer competitive solutions,” said Chris Lamont.
Media Contact: Sharon Wingate 4223 0303

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