Towers Watson has boosted its stake in South African actuarial and employee benefits firm, Fifth Quadrant, Global Pensions reports. The investment-consulting group has increased its stake from a previous 20% to 40% and intends to further boost it to a controlling stake of over 50%, within the year. Towers Watson has also appointed Nigel Biggs as managing consultant in the country. In his new role, he will be in charge of increasing the Towers Watson/Fifth Quadrant business in South Africa and throughout the rest of Africa.

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