Aptia , a dedicated pension, health and benefits administration specialist, today announced its formal launch with 1,100 global clients to support more than 7 million people with health and wealth administration. Aptia was formed by the acquisition of the UK pension administration and U.S. health and benefits administration segments of Mercer, a business of Marsh McLennan , by Bain Capital Insurance with participation from Bala Viswanathan, Founder & Group CEO, and Dominic Burke, Founder & Group Chairman.
Aptia represents the combination of the largest pensions administrator in the UK and one of the most trusted health and benefits administration platforms in the U.S. This uniquely enables the Company to launch as a leading business with significant scale, resources, deep technical expertise, proven solutions, and key insurer relationships. The transaction included more than 3,500 employees across the UK, U.S., India, and Portugal that provide specialist solutions that are focused on the skills and technology that clients require to manage the health and wealth administration for their employees, members, and policyholders.
Aptia is led by Viswanathan, Burke, and a highly experienced management team. In preparation for its global launch, Aptia has bolstered this team with a series of senior appointments, welcoming leading specialists with expertise in financial services, operations, and technology, including Mike Methley as Group President and Chief Administration Officer, Chris Rayner as Group Chief Financial Officer, Imran Ali as Group Chief Information Officer, Melissa Hetherington as Group General Counsel and Company Secretary, R K Rangan as the Chairman and President India and Roopa Abraham Kochar as Chief People Officer.
“In a highly complex and underserved market, we are excited to launch a global specialist business that has a team with an unrelenting focus on client service and technological advancement,” said Viswanathan. “Aptia is committed to raising standards and providing our clients with fresh perspectives and insights. Our solutions, which are delivered by teams trusted by some of the world’s largest employers, will deliver real value to clients and their employees, members, and policyholders.”
“Because we are launching with an experienced team and established platforms, we have a unique ability to help clients navigate the complexities inherent in delivering efficient pensions and benefit administration,” added Burke. “At the heart of Aptia’s strategy is a deep commitment to investing in our greatest assets – our people and our technology. By doing so, we position ourselves for the future, ensuring our ability to deliver forward-thinking and reliable solutions.”
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Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Public relations, investor relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia. Founded in 1961, Business Wire is a trusted source for news organizations, journalists, investment professionals and regulatory authorities, delivering news directly into editorial systems and leading online news sources via its multi-patented NX network. Business Wire’s global newsrooms are available to meet the needs of communications professionals and news media worldwide.
