Marsh McLennan’s Mercer completes acquisition of Vanguard’s US Outsourced Chief Investment Officer business
15 Marzo 2024 - 3:30PM
Business Wire
Mercer, a global investments leader and a business of Marsh
McLennan (NYSE: MMC), today announced the completion of its
acquisition of Vanguard’s Outsourced Chief Investment Officer
(OCIO) business that provides investment management services for
not-for-profit organizations and other institutional investors in
the United States.
The acquisition, announced in December of last year, expands
Mercer’s capabilities and expertise across investment solutions in
the US.
Commenting on the acquisition, Marc Cordover, Mercer’s US
Investments and Retirement Leader, said: “Today, we welcome
Vanguard OCIO clients and colleagues to Mercer. The talented
investment professionals joining us strengthen our perspective and
our ability to help a range of institutional investors stay ahead
of the curve and pursue returns.”
Jen Kruse, Mercer’s US Investments Chief Client Officer, said:
“Through this acquisition, we’re able to offer our clients the best
of our organizations – specialized knowledge and experience,
purpose-led and engaged teams and global capabilities.”
Incoming clients can elect to keep the same investment approach
and team they enjoyed at Vanguard. They can now also choose to
broaden their investment strategy through access to Mercer’s
extensive global resources, including its deep bench of investment
talent, world-class thought leadership and solutions from
third-party investment managers across a spectrum of asset classes,
from public equities and fixed income to alternative investments
like infrastructure and private credit.
Approximately 120 Vanguard colleagues join Mercer today. They
will be based in Mercer’s offices in King of Prussia, PA, and
Phoenix, AZ.
About Mercer
Mercer believes in building brighter futures by redefining the
world of work, reshaping retirement and investment outcomes, and
unlocking real health and well-being. Mercer’s approximately 25,000
employees are based in 43 countries and the firm operates in over
130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC),
the world’s leading professional services firm in the areas of
risk, strategy and people, with more than 85,000 colleagues and
annual revenue of $23 billion. Through its market-leading
businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh
McLennan helps clients navigate an increasingly dynamic and complex
environment. For more information, visit mercer.com. Follow Mercer
on LinkedIn and X.
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version on businesswire.com: https://www.businesswire.com/news/home/20240315017332/en/
Media: Amelia Woltering Mercer +1 (347) 703- 5358
amelia.woltering@mmc.com
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