Expanding our capabilities for large asset owners 

Mercer has acquired SECOR Asset Management, building on the strength of its offering for large asset owners, while also adding sophisticated new trading capabilities across fixed income and derivatives. Read our press release.

This combination is worth more than the sum of its parts. It represents the integration of Mercer’s global scale with SECOR’s specialist expertise delivering complex fiduciary management solutions and specialized portfolio solutions to large asset owners. With this merger, Mercer expands its global capabilities in trading and reinforces its commitment to delivering bespoke, white-glove service to the world’s largest asset owners.  

Together, Mercer and SECOR aim to set the strategic direction for the fiduciary management market, offering clients an end-to-end and integrated service with the objective of providing strong risk-adjusted performance through custom advice and nimble execution. 

With our newly integrated capabilities, the business can move from proposing investment ideas to executing them for our clients within hours, rather than days. Integrated, real-time execution expands the opportunity set and reduces implementation risk, improving investment efficiency.

SECOR began its life as General Motors Asset Management, managing the auto giant’s in-house pension assets. It has retained that in-house, asset-owner DNA, built around a unique perspective into how the fiduciary asset management relationship should work, especially for large multi-national clients. The business thinks holistically about what a client needs, working with them side-by-side as true partners to deliver a white glove, tailored end-to-end solution led by a senior and experienced team. 

Both SECOR and Mercer operate as an extension of clients’ internal staff, bringing institutional sophistication and customizing relationship and investment program designed with flexible levels of degree of delegation, risk tolerances, constraints and meeting frequency. The combined group will also provide tailored services, reporting, training and analysis based on each clients’ unique needs and governance structures.  

SECOR’s culture epitomizes Mercer’s spirit of independence. Clients have access to the entire universe of investment options (including direct investment execution) creating the opportunity to have the best-in-class providers in every asset class. 

SECOR brings a powerful suite of capabilities to Mercer’s fiduciary management offering, honed over decades of institutional investment leadership. The team has deep expertise creating custom liability-driven investing (LDI), beta management, equity downside protection, and sophisticated overlay strategies. Their proprietary trading infrastructure allows for seamless, in-house execution across asset classes - reducing implementation friction and enhancing speed-to-market during critical periods. This integration ensures that clients benefit from a tightly aligned investment process, where strategy and execution are fully connected, enabling faster, smarter decision-making and precise delivery of complex investment solutions. 

Going forward, SECOR will play a pivotal role in enhancing Mercer’s offering for large asset owners. SECOR’s institutional sophistication will help to ensure that discretion and decision-making remain rooted in regional governance structures. 

In today’s evolving Large Asset Owner environment, the demand for specialization is greater than ever. Large asset owners increasingly seek providers who understand their internal governance, who can engage on a peer level with CIOs, and who can craft solutions across regions and risk profiles. Mercer’s integration with SECOR directly responds to this market shift.