The U.S.-based Mercer Specialty Consulting has recently revealed its plan to set foothold in China within this year, when the country will fully open its financial service industry to foreign capital as it pledged upon WTO accession.

A subsidiary of the world leading consulting firm, Mercer Oliver Wyman will launch offices in Shanghai, China's economic and financial hub, and Beijing, the nation's capital. The offices will provide risk management consulting services for banking, securities and insurance companies, according to John Drzik, president of Mercer Specialty Consulting.

Another subsidiary, Mercer Management Consulting, will start business in Shanghai, Beijing and Hong Kong. It will provide services in corporate strategic risk consulting, Drzik said.

Drzik predicted that China's risk management consulting market will grow rapidly in the coming two to three years.

Source: Xinhua