Mercer, a global consulting leader in advancing health, wealth and career and a wholly owned subsidiary of Marsh & McLennan Companies Tuesday announced its global assets under delegated management has reached approximately $213 billion.
“Since its inception, our delegated solutions business has evolved to meet our clients’ needs, and the growth of this business reflects the strength of our client offerings,” said Julio Portalatin, Mercer president, and CEO.
“Our core tenet is to provide best-in-class advice and implementation for our clients while drawing on our robust research capabilities including 130+ full-time researchers.”
Mercer’s delegated solutions business was developed more than 20 years ago in Australia, later expanded to the US, Canada, Europe and New Zealand and more recently has been attracting clients in Africa, Asia, Latin America and the Middle East.
The core of Mercer’s investment services has traditionally focused on pension fund assets, however, it has moved into other areas including insurance assets, wealth management assets and not-for-profit endowments.
Mercer has also increased the types of clients it works with to include private corporations, state government bodies, insurance companies, not-for-profit organizations and financial service intermediaries.
In February 2017, Mercer was named the global leader in fully discretionary outsourced assets under management in an annual survey conducted by Chief Investment Officer (CIO) magazine.
Frontpage October 10, 2019