NEW YORK--(BUSINESS WIRE)--Mercer, a global consulting leader in advancing health, wealth and career, and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), today announced that assets under delegated management increased by approximately $70BN in 2017, closing the year at $227BN, up 45% from the $157BN reached at year end 2016*. New client inflows accounted for approximately $48BN of the increase. To date, more than 1,100 institutional investors, including pension funds, insurance companies, private banks, family offices, endowments, foundations and other client types have appointed Mercer to manage assets on a delegated basis.
According to Rich Nuzum, President of Mercer’s Wealth business, “Our approach is simple. First, we deliver strategic advice that is customized to fit the objectives and risk tolerance of each client. Second, we offer delegated solutions, what the industry often calls Outsourced Chief Investment Officer (OCIO). Third, at every stage of the investment decision making process, we are focused on delivering innovative solutions to our clients.”
*Figures accurate as at 31/12/2017
Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 22,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With nearly 65,000 colleagues and annual revenue over $14 billion, through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.