Mercer Completes Acquisition of Investment & Alternatives Consulting, & Wealth Management Operations of Pavilion Financial Co...
04 12월 2018 - 11:00PM
Business Wire
Deal expected to give consultants and
clients access to broader, deeper global research and specialist
resources
Mercer, a global consulting leader in advancing health, wealth
and career, announced that it completed its acquisition of the
investment consulting, alternatives consulting and wealth
management operations of Pavilion Financial Corporation
(“Pavilion”) effective November 30, 2018.
“Pavilion’s strength in the healthcare, insurance and endowment
and foundation segments, coupled with Mercer’s global intellectual
capital, will support the delivery of customized, holistic
solutions to our clients. We look forward to integrating Pavilion’s
not-for-profit consulting capabilities and its specialized
alternatives advisory platform with our current client offerings,”
said Rich Nuzum, President of Mercer’s global wealth business. “Our
priority and focus through the integration will continue to be on
helping clients achieve their goals.”
Daniel Friedman, the President and CEO of Pavilion Financial
Corporation said, “In Mercer, we have found the right partner to
accelerate our clients’ access to tools, research and investment
programs. The Pavilion name will represent Mercer’s U.S.
not-for-profit and insurance offerings. Our alternatives platform
will feature the customized consulting offering of a full-spectrum
alternatives boutique, and the implementation and research
capabilities of a truly global firm. Finally, wealth management
clients will have expanded advice and access to tools and products,
including Mercer’s retirement savings investment solutions.”
On August 14, 2018, Mercer announced it had signed separate,
definitive agreements to acquire the aforementioned operations of
Pavilion as well as Summit Strategies Group. Mercer closed the
Summit acquisition on November 15, 2018.
Terms of the agreements were not disclosed.
About MercerMercer 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.
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Alayna Francis+44 207 178
3378Alayna.Francis@mercer.com
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