Global assets under management (AUM) at Mercer grew to USD115 billion USD at the end of 2014, increasing from USD86 billion USD at the end of the prior year.
Of Mercer’s global AUM, the US business represented USD46.6 billion at the end of 2014, up from USD33.5 billion at year end 2013. Of the other regions, Mercer’s European business represents USD41.5 billion while the Asia Pacific territory has USD21.0 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,” SAYS 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 expect to see continued strong demand for delegated solutions in the UK and wider Europe,” SAYS Michael Dempsey, European Head of Mercer’s Delegated Solutions. “Defined benefit pension funds are looking for support to manage increasingly complex investment portfolios and in adopting a more dynamic approach to navigating current market challenges and volatility. Our recently launched Mercer SmartDB, a first-of-its-kind solution that incorporates the hedging of longevity risk, has extended our range of existing delegated solutions.
“Mercer Workplace Savings continues to lead the defined contribution and savings market in the UK and we have also seen increased demand for our delegated solutions across the broader wealth management and insurance industry. Finally, a growing number of clients have adopted our delegated solutions to support standalone mandates, particularly across alternatives assets, as investors seek genuinely diversified strategies provided through highly transparent and cost conscious structures,” says Dempsey.
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.