Watson Wyatt ties China, Hong Kong businesses

Watson Wyatt is consolidating its five offices in Greater China - Beijing, Shanghai, Shenzhen, Hong Kong and Taipei - into a single business unit in an effort to become the dominant consultancy on the mainland by 2005. The firm globally tends to allow each country office to operate independently and, in many cases, let municipal offices run on separate P&L lines. But it feels that it can optimise its business in the fast-changing Chinese environment by more directly leveraging th…