On June 17th, 2024, Oliver Wyman, the worldwide consulting arm of Marsh McLennan, announced its acquisition of Veritas Total Solutions, a commodity trading advisory business with expertise in risk, systems, analytics, and artificial intelligence (AI). The acquisition, expected to close in the third quarter of this year, aims to provide commodity trading businesses with enhanced trading optimization expertise. By providing end-to-end trading advice and systems implementation in the face of the industry's growing complexity, Veritas will expand Oliver Wyman's capabilities.
Veritas Total Solutions, a management consulting firm, specializing in the energy sector, offers extensive industry expertise and a flexible trading approach to Oliver Wyman. Veritas team members will join Oliver Wyman from Houston, Texas, a significant energy sector hub. August Al-Uqdah, Partner and Co-Founder of Veritas, expressed enthusiasm for the expanded global impact and opportunities for team members. Oliver Wyman, with offices in more than 70 cities across 30 countries, brings together extensive industry knowledge and expertise in strategy, operations, risk management, and organizational transformation. employing 7,000 professionals worldwide to optimize business operations and performance.
