Towers Perrin announced that it has acquired MGMC, Inc., a Connecticut-based firm that provides compensation surveys and advisory services to the financial services industry.
Established in 2002, MGMC principally serves investment and commercial banks and securities firms with executive compensation advice and related benchmarking data. It has offices in London and Darien, Connecticut.
MGMC will become part of Towers Perrin's Executive Compensation and Rewards practice, headed by Gary Locke, its managing director.
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