Bouleau & Huntley, a pension fund auditing firm, was founded by Robert Bouleau and William Huntley in 1923. Bouleau was an actuary, who assessed risk based on calculating financial values to select the appropriate pension investments for business clients. Huntley was an insurance executive, who recognized the rapidly expanding pension fund market due to the fact that many American corporations were forming pension funds for their employees. So Bouleau & Huntley formed a partnership and their work began. It wasn’t long before the business took off and within a ten year period they were the leader in their field. Bouleau & Huntley were renowned throughout the United States for their high-quality professionalism and began to look abroad to expand their operation. The firm proved to be successful with many offices around the world. By 2012, Bouleau & Huntley had “42 offices, 325 partners and revenues in excess of US$1.2 billion.” (Wirtz & Lowe, 2012) Bouleau & Huntley created new divisions that focused on executive compensation, personnel management, insurance consulting, and reinsurance consulting.
In the Philippines, many high profile companies were seeking the services of Bouleau & Huntley, so in 1998 they opened an office in Metro Manila. The reason so many companies were in need of Bouleau & Huntley’s services was because in the Philippines, they have the Philippines Retirement Act, which requires companies to pay a retirement benefit to employees that are set to retire at age 65. Within 14 years the Philippines office had 11 partners and 120 employees. The total revenues were roughly US$13 million. In the Manila office they sought to expand into other types of business services on a trial basis. To do this successfully, Bouleau & Huntley needed to employ another individual who has the knowledge and experience in areas of the expansion.
Jose Arellano, an employee at Bouleau & Huntley, knew of a perfect person to fill the position. Arellano...