Marsh McLennan’s Mercer signs Management Transition Agreement for BT Private Portfolio Management
08 5월 2023 - 10:57PM
Business Wire
Mercer, a business of Marsh McLennan (NYSE: MMC) and a global
leader in redefining the world of work, reshaping retirement and
investment outcomes, and unlocking real health and well-being,
announced today that an agreement was reached with Westpac Group to
transition BT’s Private Portfolio Management (PPM) business to
Mercer.
This follows Mercer’s acquisition of Advance Asset Management
Limited and recent transfer of BT Super into the Mercer Super
Trust.
Simon Eagleton, Investments Leader for Mercer in the Pacific
region, welcomed PPM clients and colleagues and said, “PPM is a
strong business with a unique proposition, providing natural
synergies with Mercer’s current investment services.”
“Mercer is a well-established multi-manager in Australia, with a
long history serving the needs of large endowments and foundations,
and more recently individuals intermediated by financial advisers.
The addition of PPM allows us to service the entire investor market
– from our Mercer Super Trust members through to private clients
and family offices – and support even more investors in achieving
their wealth objectives,” he added.
As investors around the world grapple with significant upheaval
in markets, Mercer’s global team of approximately 2,000 investment
professionals is well positioned to address clients’ most pressing
investment challenges and opportunities. These capabilities will
help to unlock new and emerging investment solutions for PPM
clients. PPM’s transition to Mercer is due to occur in the fourth
quarter of 2023. At that time, Mercer will welcome new colleagues
from PPM to continue relationship management, client service and
operations support functions.
About Marsh McLennan
Marsh McLennan (NYSE: MMC) is the world’s leading professional
services firm in the areas of risk, strategy and people. The
Company’s more than 85,000 colleagues advise clients in 130
countries. With annual revenue of over $20 billion, Marsh McLennan
helps clients navigate an increasingly dynamic and complex
environment through four market-leading businesses. Marsh provides
data-driven risk advisory services and insurance solutions to
commercial and consumer clients. Guy Carpenter develops advanced
risk, reinsurance and capital strategies that help clients grow
profitably and pursue emerging opportunities. Mercer delivers
advice and technology-driven solutions that help organizations
redefine the world of work, reshape retirement and investment
outcomes, and unlock health and wellbeing for a changing workforce.
Oliver Wyman serves as a critical strategic, economic and brand
advisor to private sector and governmental clients. For more
information, visit marshmclennan.com and follow us on LinkedIn and
Twitter.
About Mercer
Mercer believes in building brighter futures by redefining the
world of work, reshaping retirement and investment outcomes, and
unlocking real health and well-being. Mercer’s approximately 25,000
employees are based in 43 countries and the firm operates in 130
countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the
world’s leading professional services firm in the areas of risk,
strategy and people, with 85,000 colleagues and annual revenue of
over $20 billion. Through its market-leading businesses 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
and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20230508005431/en/
Media Contact: Amelia Woltering Marsh McLennan +1 347 703
5358 amelia.woltering@mmc.com
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