NEW YORK--(BUSINESS WIRE)--
Mercer, a global consulting leader in advancing health, wealth and career and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), today announced its global assets under delegated management has reached approximately $213 billion USD.
“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 have traditionally focused on pension fund assets, however, Mercer 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.
Exemplifying this growth and success, in February 2017, Mercer was named the global leader in fully discretionary outsourced assets under management in the latest annual survey conducted by Chief Investment Officer (CIO) magazine[1] .
To learn more about Mercer’s Wealth business please visit https://www.mercer.com/what-we-do/wealth-and-investments.html
About Mercer
Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 22,000 employees are based in 43 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With more than 60,000 colleagues and annual revenue over $13 billion, through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.
[1] http://www.ai-cio.com/2017-Outsourced-Chief-Investment-Officer-Survey/
View source version on businesswire.com: http://www.businesswire.com/news/home/20171205005143/en/
