Melbourne, Australia, 30 April 2020 – Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh & McLennan (NYSE: MMC), announced today its global investments business has been ranked as the largest outsourced chief investment officer (“OCIO”) provider in a 2020 survey by Chief Investment Officer magazine (“ai-CIO”).
“As one of the earliest entrants to the market more than twenty-five years ago, we have seen market needs for OCIO services both accelerate and evolve. We continue to see strong growth across the US, Europe and Canada and emerging demand in Asia and Middle East. In addition, we are seeing the market move upstream, with uptake across large asset pools and OCIO services being adopted across insurers, endowments, foundations, wealth managers and healthcare organizations,” said Mick Dempsey, Global Leader for Mercer’s OCIO business. “Recent market volatility related to the COVID-19 pandemic, the desire for greater diversification and access to high quality investment opportunities are expected to further increase demand. These trends are in tandem with clients seeking ways to manage cost, whilst maintaining strong governance and operational oversight.”
Mercer’s OCIO services, with $291 billion in discretionary assets under management globally, are delivered to institutional investors around the world and are part of Mercer’s wider Investments business operating out of hubs in Boston, Dublin, Hong Kong, London, Melbourne, Singapore, St. Louis, Tokyo, Toronto and Zurich.
“Our approach is to find opportunities to bring our scale, experience and resources to bear to help our clients pursue better outcomes. Especially in turbulent markets like today, with so many unknowns, our clients are asking for help to navigate today’s rapidly changing market conditions. As such, we expect to see even greater interest in OCIO services going forward.” said Chris Mahoney, US Leader for Mercer’s Investments & Retirement business.
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 more than 25,000 employees are based in 44 countries and the firm operates in over 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 76,000 colleagues and annual revenue of $17 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.
ai-CIO ranking is based on survey responses from 50 responding firms. Mercer may calculate worldwide assets under management differently than other responding firms.
 In providing OCIO services, Mercer typically exercises investment discretion by hiring and overseeing third party asset managers on behalf of client portfolios. Global OCIO assets data, which is primarily but not exclusively discretionary mandates, is as of December 31, 2019.