Mercer today announced its global assets under management (AUM) grew to $115 billion USD at the end of 2014, increasing from $86 billion USD at the end of the prior year. Of Mercer’s global AUM, the US business represented $46.6 billion at the end of 2014, up from $33.5 billion at year end 2013. Of the other regions, Mercer’s European business represents $41.5 billion while the Asia Pacific territory has $21.0 billion.
“We are very proud of our growth in this important market segment. Our success is reflective of the market’s desire for greater support in running an efficient investment program as clients seek improved performance, enhanced risk management and reduced costs,” said Phil de Cristo, President and Global Leader of Mercer Investments. “Our position as the global leader in investment consulting and our intentional development of global portfolio management capabilities has enabled us to provide innovative implementation capabilities across our primary segments: defined benefit, defined contribution and endowments and foundations.”
“We foresee strong continued demand for delegated solutions in the US as Mercer clients seek help navigating current market challenges and volatility,” said Tom Murphy, US Leader for Delegated Solutions. “Mercer has made great progress across all market segments. As the first firm to introduce daily de-risking, we continue to see significant growth in the defined benefit market with an increasing number of clients utilizing our skills for LDI and completion management.”
“In the defined contribution market, we are helping plan sponsors to mitigate fiduciary risk while managing their costs and seeking better participant outcomes. Finally, in the endowments and foundations markets, we are seeing continued high demand for delegated alternatives mandates as investors seek genuinely diversified strategies provided through highly transparent and cost conscious structures.” concluded Mr. Murphy.
With over 2,100 Investment employees in 66 offices across the globe, Mercer continues to bring global investment ideas to our clients through experienced, locally-based investment professionals.
Mercer is a consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s more than 20,000 employees are based in 43 countries and the firm operates in over 140 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and human capital. With 57,000 employees worldwide and annual revenue exceeding $13 billion, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @MercerInsights.
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