Consulting firm Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has launched its delegated investment solutions business in Singapore.
The new business will be headed by Mercer principal and head of investments, ASEAN, Soon Kian Lee.
He will work closely with Amit Popat, Mercer partner and business leader for the delegated solutions business, growth markets, who is based in Singapore.
"With our global capabilities and extensive resources based locally in many emerging market countries, Mercer is well positioned to deliver a unique proposition to our Asia clients. Asset owners can tap into a range of solutions including the implementation of both traditional and alternative investment strategies, asset allocation, manager implementation and integrated risk management,” Soon stated.
The firm has already launched the offering in Japan in the fourth quarter of 2015.
Mercer president of growth markets region David Anderson added: "Mercer’s 20 years of experience and US$124 billion in assets under management allow us to deliver the range of solutions required for advancing strong, globally relevant strategies at a local market level.
“This serves the institutional investors as well as the individuals and societies who ultimately benefit from the sustained health of these funds."
Mercer’s Singapore-based clients comprise institutional investors including sovereign funds, wealth managers/private banks, endowments and foundations, family offices, insurance companies as well as other asset owners.