Marsh McLennan’s Mercer Completes Acquisition of SECOR Asset Management

Mercer, a business of Marsh McLennan (NYSE: MMC) and a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people, today announced the completion of its previously announced acquisition of SECOR Asset Management. Terms of the transaction were not disclosed.

SECOR serves the complex needs of institutional investors, with a range of end-to-end portfolio solutions, including investment advisory and implementation, fiduciary management and asset liability management.

The acquisition expands Mercer’s investment capabilities for its diverse institutional client base and large asset owners globally. Michael Dempsey, Mercer’s Wealth President, said, “We are thrilled to welcome SECOR’s exceptional team to Mercer. As we move forward together, our commitment to being a dedicated partner to our clients’ portfolios remains unwavering. We understand that each investment journey is unique, and with the added capabilities of SECOR, we are better equipped to help sophisticated investors navigate the markets and optimize asset allocation amid increasing uncertainty.”

SECOR’s Managing Principal and Chief Investment Officer Tony Kao added, “This acquisition represents a pivotal step forward for our mutual clients, positioning us to respond to the evolving investment landscape with greater agility and innovation.”

Following this acquisition, Mercer intends to establish a specialist Global Investment Partnerships Group. Comprised of a network of experts from across the organization, the group will focus on seamlessly serving in-house investment teams and large asset owners and addressing their unique and complex needs with customized solutions and strategic portfolio structuring and execution.

As part of the agreement, SECOR’s more than 40 colleagues in New York and London are joining Mercer.

About Mercer

Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit mercer.com, or follow on LinkedIn and X.

About SECOR

SECOR Asset Management is a global provider of bespoke strategic and portfolio solutions with offices in New York and London. Since 2010, SECOR has been helping large and sophisticated institutional investors, including pension funds, insurance companies, endowments and family offices around the world, manage their portfolio allocation and risk. With a team of over 40 colleagues, SECOR has $13.8B in assets under advisement as well as $21.4B in hedged assets and $0.1B in fund strategies, which total $21.5 billion in assets under management as of September 30, 2024. Recognized for its agility and ability to deliver bespoke solutions for clients’ complex needs, SECOR has enabled its clients to attain their investment and governance objectives. For more information, visit www.SECOR-am.com or follow on LinkedIn.

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