Mercer transitions BT Private Portfolio Management, introduces Mercer Private Portfolios
Australia, 06 November 2023
Mercer, a business of Marsh McLennan (NYSE: MMC) and a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, today announced the successful transition of BT’s Private Portfolio Management (PPM) business from Westpac Group to Mercer.
PPM has been renamed Mercer Private Portfolios, broadening Mercer’s investment solutions set. Mercer Private Portfolios provides investors such as not-for-profit organisations and high-net worth clients and their financial advisers with customised investment solutions to help them meet their investment goals, harnessing Mercer’s global scale and investing expertise.
Simon Eagleton, Investments Leader for Mercer in the Pacific region, said: “We’re delighted to welcome the Private Portfolio clients and colleagues to Mercer, as we introduce Mercer Private Portfolios to the market.
“Mercer Private Portfolios brings together the 50-year legacy of PPM’s high-quality service model and Mercer’s global expertise in investments, to deliver a compelling proposition to Australian wholesale investors and their advisers.
“The Private Portfolio transition enables us to further innovate and enhance our overall investment product suite for the benefit of our clients. It complements our existing range of investment capabilities and provides a launching pad for Mercer to service the entire wholesale market, from large institutional clients to smaller, sophisticated investors such as high-net worth individuals and not-for-profits.”
As part of the transition, Mercer welcomed several new colleagues from PPM, who are working to provide continuity of relationship management, client service and operations support functions.
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 more than 20,000 colleagues are based in 43 countries and the firm operates in 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 83,000 colleagues and annual revenue of over $20 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 https://www.mercer.com/en-au/. Follow Mercer on LinkedIn.