New York, March 15, 2024–(BUSINESS WIRE)–Mercer, a global investment leader and a Marsh McLennan (NYSE: MMC) company, announced today that Vanguard's Outsourcing Chief Investment Officer, a provider of investment management services to non-investors, (OCIO) announced the completion of its acquisition of the business. -U.S. commercial and other institutional investors.
The acquisition, announced last December, expands Mercer's capabilities and expertise across investment solutions in the United States.
Commenting on the acquisition, Mark Cordover, head of U.S. investments and retirement at Mercer, said, “Today, we welcome Vanguard OCIO's clients and colleagues to Mercer. and strengthen its ability to support the retention of a wide range of institutional investors.” Pursue profits by staying ahead of the times. ”
Jen Kruse, Mercer's Chief Customer Officer for U.S. Investments, said: “This acquisition brings the expertise and experience, purposeful and engaged teams, and global capabilities of our organization to the forefront of our organization. We can now offer the best to our customers.”
New customers can choose to maintain the same investment approach and team they enjoyed at Vanguard. You can also now choose to expand your investment strategy through access to Mercer's extensive global resources. This includes Mercer's deep investment talent, world-class thought leadership, and solutions from third-party investment managers across a wide range of asset classes, from public equity to equity. Turn bonds into alternative investments such as infrastructure and private credit.
Approximately 120 Vanguard colleagues joined Mercer today. They will be based in Mercer's offices in King of Prussia, Pennsylvania, and Phoenix, Arizona.
About Mercer
Mercer believes in building a brighter future by redefining the world of work, reshaping retirement and investment outcomes, and achieving true health and well-being. Mercer's approximately 25,000 employees are based in 43 countries, and the company operates in more than 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world's leading professional services firm in risk, strategy and people, with more than 85,000 colleagues and annual revenues of his $23 billion. Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through market-leading businesses such as Marsh, Guy Carpenter and Oliver Wyman. For more information, visit mercer.com. Follow Mercer on LinkedIn X.
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mercer
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