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Bethesda Health signs Aon Hewitt to provide OCIO, plan termination services

Bethesda Health Inc., Boynton Beach, Fla., hired Aon Hewitt Investment Consulting as outsourced chief investment officer of its $210 million defined benefit plan, said Joanne Aquilina, vice president of finance and chief financial officer, in an email.

The company is terminating the plan effective Oct. 1, 2018. Ms. Aquilina said Aon Hewitt was hired not only for the investment-related services, but also to “support our employees during the termination process.”

Previous OCIO Northern Trust Asset Management was replaced because it could not provide both services, Ms. Aquilina said. No RFP was issued.