Mercer Global Investments says it is expanding its services in Europe, to serve institutional pension funds and third-party distribution providers.
“The investment world is becoming increasingly complex and many clients have asked Mercer to play a more active role in the investment decision-making process,” says Tom Murphy, head of Mercer Global Investments in Europe. “Many trustees simply don’t have the time or the expertise to hire and fire investment managers. It’s an onerous task and a growing number want to delegate these decisions to investment experts.”
Currently MGI is focused on the UK and Ireland, but plans to expand to continental Europe are underway. Mercer Global Investments’ main European office is located in Dublin, with a further office based in London.
“We believe we have all the right attributes to be an attractive distribution partner,” adds Murphy. “As part of a global business that is respected throughout the financial services industry, we firmly believe that distributors will recognise the added value we can bring to their existing product range.”