Marsh McLennan’s Mercer Completes Acquisition of Cardano
Mercer, a Marsh McLennan (NYSE: MMC) business, has completed the acquisition of Cardano, strengthening its position as a leading pension services provider in the UK and Netherlands. The deal includes Cardano's UK Defined Contribution Master Trust, now:pensions, expanding Mercer's DC Master Trust solutions. Over 550 Cardano employees from London, Nottingham, and Rotterdam will join Mercer. The acquisition enhances Mercer's investment solutions and advisory capabilities for institutional investors globally, though financial terms were not disclosed.
Mercer, un'azienda di Marsh McLennan (NYSE: MMC), ha completato l'acquisizione di Cardano, rafforzando la sua posizione come fornitore leader di servizi pensionistici nel Regno Unito e nei Paesi Bassi. L'accordo include il Master Trust per Contributi Definiti di Cardano nel Regno Unito, ora:pensions, ampliando le soluzioni di Mercer's DC Master Trust. Oltre 550 dipendenti di Cardano provenienti da Londra, Nottingham e Rotterdam entreranno a far parte di Mercer. L'acquisizione migliora le soluzioni di investimento di Mercer e le capacità di consulenza per investitori istituzionali a livello globale, anche se i termini finanziari non sono stati divulgati.
Mercer, un negocio de Marsh McLennan (NYSE: MMC), ha completado la adquisición de Cardano, fortaleciendo su posición como proveedor líder de servicios de pensiones en el Reino Unido y los Países Bajos. El acuerdo incluye el Master Trust de Contribuciones Definidas del Reino Unido de Cardano, ahora:pensions, ampliando las soluciones del Master Trust de DC de Mercer. Más de 550 empleados de Cardano de Londres, Nottingham y Rotterdam se unirán a Mercer. La adquisición mejora las soluciones de inversión de Mercer y sus capacidades de asesoramiento para inversores institucionales a nivel global, aunque los términos financieros no se han revelado.
머서(Mercer), 마쉬 맥레넌(Marsh McLennan)의 사업부(NYSE: MMC)는 카르다노(Cardano)의 인수를 완료하여 영국과 네덜란드에서 선도적인 연금 서비스 제공업체로서의 입지를 강화했습니다. 이번 거래에는 카르다노의 영국 확정기여 마스터 트러스트인 now:pensions가 포함되어 있어 머서의 DC 마스터 트러스트 솔루션이 확장됩니다. 런던, 노팅엄, 로테르담에서 550명 이상의 카르다노 직원이 머서에 합류하게 됩니다. 이번 인수는 머서의 투자 솔루션과 전 세계 기관 투자자에 대한 자문 역량을 향상시키며, 재무 조건은 공개되지 않았습니다.
Mercer, une entreprise de Marsh McLennan (NYSE: MMC), a finalisé l'acquisition de Cardano, renforçant ainsi sa position de fournisseur leader de services de retraite au Royaume-Uni et aux Pays-Bas. L'accord comprend le Master Trust de Contributions Définies au Royaume-Uni de Cardano, maintenant appelé :pensions, élargissant ainsi les solutions du Master Trust DC de Mercer. Plus de 550 employés de Cardano à Londres, Nottingham et Rotterdam rejoindront Mercer. Cette acquisition améliore les solutions d'investissement de Mercer et ses capacités de conseil pour les investisseurs institutionnels à l'échelle mondiale, bien que les conditions financières n'aient pas été divulguées.
Mercer, ein Geschäftszweig von Marsh McLennan (NYSE: MMC), hat die Übernahme von Cardano abgeschlossen und seine Position als führender Anbieter von Pensionsdienstleistungen im Vereinigten Königreich und in den Niederlanden gestärkt. Die Vereinbarung umfasst den britischen Defined Contribution Master Trust von Cardano, jetzt:pensions, und erweitert die DC Master Trust-Lösungen von Mercer. Über 550 Mitarbeiter von Cardano aus London, Nottingham und Rotterdam werden zu Mercer kommen. Die Übernahme verbessert die Investmentlösungen und Beratungsfähigkeiten von Mercer für institutionelle Anleger weltweit, obwohl die finanziellen Bedingungen nicht offengelegt wurden.
- Strategic expansion in UK and Netherlands pension services market
- Addition of now:pensions DC Master Trust broadens product offerings
- Integration of 550+ experienced professionals strengthens workforce
- Enhanced capabilities in investment solutions and advisory services
- None.
Insights
This strategic acquisition significantly strengthens Marsh McLennan's market position in key European pension markets. The integration of Cardano's 550+ employees and their expertise in the UK and Netherlands substantially expands Mercer's capabilities in pension services and investment solutions.
The deal is particularly valuable for enhancing Mercer's DC Master Trust offerings through the addition of now:pensions, enabling a more comprehensive range of solutions from basic auto-enrollment to sophisticated bespoke services. This positions MMC to capture a larger share of the growing UK pension market, where regulatory changes and demographic shifts are driving increased demand for retirement solutions.
While financial terms weren't disclosed, this acquisition represents a significant expansion of MMC's institutional investment services footprint and should contribute positively to future revenue growth through cross-selling opportunities and expanded service offerings.
The addition of Cardano cements Mercer’s position as one of the leading providers of pension services in the
Michael Dempsey, Mercer’s Wealth President, said: “We welcome Cardano’s talented colleagues and their clients. Together, we will be well positioned to deliver greater value and meet the evolving needs of our clients. Our combined capabilities and resources will create a broad and relevant suite of investment solutions to support institutional investors and a timely partnership in working with large asset owners across the world.”
With this transaction, Cardano’s
Benoit Hudon, Mercer’s
Michaël De Lathauwer, Cardano Group’s CEO, said: “Getting to know Mercer throughout this process has reinforced my view that we are stronger together. I am excited for our future and serving clients with our enhanced investment, advisory and DC capabilities so that they can better navigate today’s complex financial markets.”
As part of the transaction, more than 550 Cardano colleagues in
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20241103299159/en/
Media:
Tim Matthews
Mercer
+44 (0)7793088741
tim.matthews@mmc.com
Source: Mercer
FAQ
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