Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly-owned subsidiary of Marsh & McLennan Companies (MMC), today announced the expansion of its global delegated investment solutions offering into Singapore. The move follows Mercer’s Q4 2015 launch of the business in Japan and provides institutions in Asia greater access to the strategic investment resources of the firm.
"Clients in this region deserve access to world class capabilities for global investment research, asset management and insights that can help them diversify their investment strategies in a rapidly evolving global marketplace," said David Anderson, President, Growth Markets Region at Mercer. "Mercer’s 20 years of experience and US$124 billion in assets under management allow us to deliver the range of solutions required for advancing strong, globally relevant strategies at a local market level. This serves the institutional investors as well as the individuals and societies who ultimately benefit from the sustained health of these funds."
Soon Kian Lee, Mercer Principal and Head of Investments, ASEAN, who has more than 20 years of experience in the investment business, will lead the newly launched Singapore business. Mr Soon joined the firm in 2006 and reports to Jeffery J. Schutes, Mercer’s Growth Markets Investments Business Leader and Global Leader, Alternatives. Mr Soon will work closely with Amit Popat, Mercer Partner and Business Leader for the Delegated Solutions Business, Growth Markets, who is based in Singapore.
"Singapore’s increasingly sophisticated asset owners and the complexity of current market conditions has created a growing demand for more proactive investment solutions," said Mr Soon. "With our global capabilities and extensive resources based locally in many emerging market countries, Mercer is well positioned to deliver a unique proposition to our Asia clients. Asset owners can tap into a range of solutions including the implementation of both traditional and alternative investment strategies, asset allocation, manager implementation and integrated risk management."
Mercer’s Singapore-based clients include institutional investors such as sovereign funds, wealth managers/private banks, endowments and foundations, family offices, insurance companies and other asset owners.
The strength of Mercer’s global investments business was recently recognised by two well-respected publications as the global leader in outsourced AUM1. Additionally, in May 2016, Mercer was voted Investment Consultancy of the Last 20 Years by the Financial News, one of the UK’s most prestigious financial magazines.
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and careers 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 people. With annual revenue of $13 billion and 60,000 colleagues worldwide, 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 @Mercer.
Mercer’s delegated solutions offering gives asset owners the ability to leverage the intellectual capital developed through Mercer’s global resources and delegate the management of their asset pools to Mercer, to implement Mercer’s investment ideas on their behalf. Solutions range from the construction of single asset class or diversified portfolios based on Mercer’s global manager research to the full implementation of a long-term strategic plan.
1 aiCIO’s 2016 Outsourced-Chief Investment Officer Survey. Pensions & Investments 2016 Survey of Worldwide Outsourced AUM