Mercer to Acquire Investment and Alternatives Consulting, and Wealth Management Operations of Pavilion Financial Corporation
14 8월 2018 - 10:00PM
Business Wire
Transaction to complement Mercer’s existing
investment consulting, alternatives and wealth management
offerings
Mercer, a global consulting leader in advancing health, wealth
and career, and a wholly owned subsidiary of Marsh & McLennan
Companies (NYSE:MMC), has signed a definitive agreement to acquire
the investment consulting, alternatives consulting and wealth
management operations of Pavilion Financial Corporation (together
“Pavilion”). Pavilion, a diversified, global investment services
firm with approximately 300 employees, is headquartered in
Winnipeg, Canada with offices across North America, in London and
in Singapore.
“Pavilion is a leading global investment services firm with
great leadership talent supporting strong consulting and research
capabilities, particularly for alternative investments. In the US,
Pavilion is a leading specialist in the defined contribution,
endowment and foundation, healthcare and insurance sectors. In
Canada, Pavilion has a strong presence in private wealth
management.” said Rich Nuzum, President, Mercer’s global Wealth
business. “Together, our complementary capabilities will enhance
our ability to serve our clients.”
In June 2017, Pavilion was ranked 13th in worldwide assets under
advisement (US$685 billion)1 and has been recognized in the past
three years as a Greenwich Quality LeaderSM for its traditional
investment consulting2.
Daniel Friedman, the President and CEO of Pavilion Financial
Corporation said, “In only a few years, we have assembled one of
the industry’s top consulting teams, with deep expertise in
specialized areas such as alternatives, not-for-profit healthcare
and retirement benefit consulting, all with the objective of
supporting the evolving needs of our clients. Combining our
creativity and knowledge base with Mercer’s global research
resources will further enhance our team’s ability to serve our
clients across the continuum of advisory and delegated
services.”
Mercer intends to use the Pavilion brand for investment
consulting services provided to the institutional not-for-profit
(NFP) and insurance client segments post-close. As part of Mercer,
Pavilion clients will have access to Mercer’s industry-leading
global strategic and manager research and investment capabilities,
including outsourced chief investment officer and digital delivery
capabilities, while retaining access to customized, strategic
advice delivered by a specialist consultant.
This transaction is subject to customary conditions to closing,
including regulatory and shareholder approvals, and is expected to
close in Q4.
1source: Pensions & Investments
Research Center, as of June 30, 2017.
2 source: Greenwich Association’s 2017
investment consultant rankings;
https://www.greenwich.com/asset-management/consultants-help-institutions-prep-shift-market-environment#
About Mercer
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 23,000 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.
About Pavilion Financial Corporation and its
subsidiaries
Founded in 2006, Pavilion Financial Corporation is an
employee-owned investment services firm offering advice and
execution services to institutional and other investors. Through
its subsidiaries, Pavilion offers a comprehensive suite of
integrated services such as non-discretionary and discretionary
tradition and alternatives investment consulting and wealth
management. Pavilion Advisory Group® offers
investment consulting, advisory services, retirement benefit
consulting, and implemented or discretionary solutions to corporate
and public plan sponsors (DB and DC), not-for-profit healthcare
systems, higher education endowments, foundations, and family
offices. Pavilion Advisory Group is a registered trademark of
Pavilion Financial Corporation, used under license by Pavilion
Advisory Group Inc. in the U.S. and Pavilion Advisory Group Ltd. in
Canada. Pavilion Alternatives Group® provides
investment consulting services across alternative asset classes
including private equity, private credit, real assets and hedge
funds. Pavilion Alternatives Group is a registered trademark of
Pavilion Financial Corporation, used under license by Pavilion
Alternatives Group, LLC in the U.S., Pavilion Alternatives Group
Limited in the UK, Pavilion Alternatives Group (Singapore) Pte
Ltd., and Pavilion Advisory Group Ltd. in Canada.
For more information, visit www.pavilioncorp.com. Pavilion
Investment House, a division of Pavilion Advisory Group Ltd.,
provides institutional-quality, fully integrated wealth management
services to business owners, families and other investors.
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MercerAlayna Francis, +44 0207 178
3378Alayna.Francis@mercer.com
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