Key Takeaways
- • Mercer has completed its acquisition of Secor Asset Management for an undisclosed amount, with the terms of the deal not disclosed.
- • Secor's more than 40 colleagues in New York and London are joining Mercer, expanding its investment capabilities for institutional clients and large asset owners globally.
- • Secor, founded in 2010, provides end-to-end portfolio solutions including investment advisory and implementation, fiduciary management and asset liability management.
- • Following the deal, Mercer plans to establish a specialist Global Investment Partnerships Group serving in-house investment teams and large asset owners.
Summary
Mercer has completed its acquisition of Secor Asset Management, according to Pensions Age. The purchase price was not disclosed, and the terms of the deal were not made public.
Founded in 2010, Secor serves institutional investors with a range of end-to-end portfolio solutions, including investment advisory and implementation, fiduciary management and asset liability management. As part of the agreement, Secor's more than 40 colleagues in New York and London are joining Mercer. The move is expected to expand Mercer's investment capabilities for its institutional client base and large asset owners globally.
Mercer also announced that, following the acquisition, it is looking to establish a specialist Global Investment Partnerships Group. The group would draw on experts from across the organization and focus on serving in-house investment teams and large asset owners with customized solutions and strategic portfolio structuring and execution.
Mercer Wealth President Michael Dempsey said the firm was "thrilled to welcome Secor's exceptional team," adding that the combined capabilities would help sophisticated investors navigate markets and optimize asset allocation "amid increasing uncertainty." Secor managing principal and chief investment officer Tony Kao described the deal as a "pivotal step forward" for the firms' mutual clients, positioning the company to respond to the evolving investment landscape with greater agility and innovation.
Founded in 2010, Secor serves institutional investors with a range of end-to-end portfolio solutions, including investment advisory and implementation, fiduciary management and asset liability management. As part of the agreement, Secor's more than 40 colleagues in New York and London are joining Mercer. The move is expected to expand Mercer's investment capabilities for its institutional client base and large asset owners globally.
Mercer also announced that, following the acquisition, it is looking to establish a specialist Global Investment Partnerships Group. The group would draw on experts from across the organization and focus on serving in-house investment teams and large asset owners with customized solutions and strategic portfolio structuring and execution.
Mercer Wealth President Michael Dempsey said the firm was "thrilled to welcome Secor's exceptional team," adding that the combined capabilities would help sophisticated investors navigate markets and optimize asset allocation "amid increasing uncertainty." Secor managing principal and chief investment officer Tony Kao described the deal as a "pivotal step forward" for the firms' mutual clients, positioning the company to respond to the evolving investment landscape with greater agility and innovation.
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