Having expanded its private markets capabilities over the past 18 months, Mercer’s Investments business today announced the addition of a new jewel to its private markets crown: Ray King and his Sovereign alternatives research team, will join Mercer from Monday 2 July 2012.
Renowned and respected investment adviser, Ray King and Sovereign’s two associates, Scott McNally and Sarah Azzi, will join Mercer, bringing most of their existing client base with them. Their move complements Mercer’s acquisition last year of Hammond Associates in the US, and other key strategic hires as Mercer builds its alternatives boutique to secure pre-eminence in the market.
Stephen Roberts, Head of Mercer Investments in Asia Pacific, said: “Bringing Ray King and his team across to Mercer adds another key plank to our strategy of building the leading alternatives boutique in this region. It means we are strongly positioned to offer clients the skills and insights of a high-calibre team of private markets experts, in addition to our existing capabilities.
“Mercer already offers investors manager research coverage of more than 3,100 private markets managers globally, coupled with tailored portfolio and solutions advice. Now, with Ray and his team on board, we will be able to bring our clients even wider private markets coverage and deeper specialist expertise. These are capabilities that are going to be critical as investors continue to address market volatility and seek to diversify their portfolios to secure stronger returns over the longer term,” he explained.
At the same time, Sovereign clients moving to Mercer will also have the opportunity to access, through Ray and his team, a wider continuum of investment services and leverage Mercer’s greater global scale and reach. Ray King expects this broader offering to benefit Sovereign’s clients moving to Mercer. “In addition to the private markets research that we’ll continue to provide, clients will now also have an opportunity to access the wider range of global and local research, advice and portfolio solutions on offer,” said Mr King.
Mr King will continue to be based in Melbourne, reporting to the global leader of the Mercer’s Alternatives Boutique. Mr McNally and Ms Azzi will continue to work in Sydney and will now be based in Mercer’s Sydney office. The three will work closely with Mercer’s US-based private markets expert Mike Forestner.
Private markets assets generally cover unlisted assets such as private equity, infrastructure, natural resources and real estate.
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