Marsh McLennan’s Mercer to Acquire SECOR Asset Management
Marsh McLennan's Mercer announced an agreement to acquire SECOR Asset Management, a global provider of strategic and portfolio solutions. The transaction is expected to close in Q2 2025, pending regulatory approvals and client consents. SECOR, founded in 2010, manages $21.5 billion in assets and advises on $13.8 billion as of September 2024.
SECOR specializes in serving institutional investors, including pension funds, insurance companies, endowments, and family offices, offering investment advisory, implementation, fiduciary management, and asset liability management services. Upon completion, SECOR's team of over 40 professionals from New York and London will join Mercer. The financial terms were not disclosed.
Marsh McLennan's Mercer ha annunciato un accordo per acquisire SECOR Asset Management, un fornitore globale di soluzioni strategiche e di portafoglio. Si prevede che la transazione si chiuda nel secondo trimestre del 2025, in attesa di approvazioni normative e consensi da parte dei clienti. SECOR, fondata nel 2010, gestisce 21,5 miliardi di dollari in attivi e offre consulenza su 13,8 miliardi di dollari a settembre 2024.
SECOR si specializza nel servire investitori istituzionali, tra cui fondi pensione, compagnie assicurative, fondazioni e family office, offrendo servizi di consulenza sugli investimenti, implementazione, gestione fiduciaria e gestione delle passività. Al termine dell'operazione, il team di SECOR, composto da oltre 40 professionisti di New York e Londra, si unirà a Mercer. I termini finanziari non sono stati divulgati.
Marsh McLennan's Mercer anunció un acuerdo para adquirir SECOR Asset Management, un proveedor global de soluciones estratégicas y de portafolio. Se espera que la transacción se cierre en el segundo trimestre de 2025, a la espera de aprobaciones regulatorias y consentimientos de los clientes. SECOR, fundada en 2010, gestiona 21.5 mil millones de dólares en activos y asesora sobre 13.8 mil millones a partir de septiembre de 2024.
SECOR se especializa en atender a inversionistas institucionales, incluidos fondos de pensiones, compañías de seguros, dotaciones y oficinas familiares, ofreciendo servicios de asesoría de inversiones, implementación, gestión fiduciaria y gestión de activos y pasivos. Al finalizar la operación, el equipo de SECOR, compuesto por más de 40 profesionales de Nueva York y Londres, se unirá a Mercer. No se revelaron los términos financieros.
Marsh McLennan의 Mercer는 SECOR Asset Management를 인수하기 위한 계약을 발표했습니다. SECOR는 전략 및 포트폴리오 솔루션을 제공하는 글로벌 업체입니다. 이 거래는 규제 승인과 고객 동의를 기다리며 2025년 2분기에 마무리될 것으로 예상됩니다. 2010년에 설립된 SECOR는 215억 달러의 자산을 관리하며, 2024년 9월 기준으로 138억 달러에 대한 자문을 제공합니다.
SECOR는 연기금, 보험회사, 기부재단 및 가족 사무소를 포함한 기관 투자자에게 서비스를 제공하는 전문 회사로, 투자 자문, 실행, 수탁 관리 및 자산 부채 관리 서비스를 제공합니다. 거래가 완료되면 뉴욕과 런던의 40명 이상의 SECOR 전문가들이 Mercer에 합류할 것입니다. 재무 조건은 공개되지 않았습니다.
Marsh McLennan's Mercer a annoncé un accord pour acquérir SECOR Asset Management, un fournisseur mondial de solutions stratégiques et de portefeuille. La transaction devrait se clôturer au deuxième trimestre 2025, sous réserve des approbations réglementaires et des consentements des clients. SECOR, fondée en 2010, gère 21,5 milliards de dollars d'actifs et conseille sur 13,8 milliards de dollars à partir de septembre 2024.
SECOR se spécialise dans le service aux investisseurs institutionnels, y compris les fonds de pension, les compagnies d'assurance, les dotations et les bureaux familiaux, offrant des services de conseil en investissement, d'implémentation, de gestion fiduciaire et de gestion des actifs et des passifs. Une fois l'opération terminée, l'équipe de SECOR, composée de plus de 40 professionnels de New York et Londres, rejoindra Mercer. Les conditions financières n'ont pas été divulguées.
Marsh McLennan's Mercer hat eine Vereinbarung zur Übernahme von SECOR Asset Management angekündigt, einem globalen Anbieter von strategischen und Portfolio-Lösungen. Es wird erwartet, dass die Transaktion im zweiten Quartal 2025 abgeschlossen wird, vorbehaltlich der regulatorischen Genehmigungen und Kundenzustimmungen. SECOR, gegründet im Jahr 2010, verwaltet 21,5 Milliarden Dollar an Vermögenswerten und berät zu 13,8 Milliarden Dollar im September 2024.
SECOR ist auf die Betreuung institutioneller Investoren spezialisiert, einschließlich Pensionsfonds, Versicherungsunternehmen, Stiftungen und Family Offices, und bietet Dienstleistungen in den Bereichen Anlageberatung, Implementierung, Treuhandverwaltung und Vermögens- und Schuldenmanagement an. Nach Abschluss wird das Team von SECOR mit über 40 Fachleuten aus New York und London zu Mercer stoßen. Die finanziellen Bedingungen wurden nicht bekannt gegeben.
- Acquisition adds $21.5B in assets under management and $13.8B in assets under advisement
- Expands Mercer's institutional investment services capabilities
- Strengthens global presence with additional expertise in New York and London
- Enhances service offering for institutional investors
- None.
Insights
This strategic acquisition marks a significant expansion of Mercer's institutional investment capabilities, adding $35.3 billion in combined assets under management and advisement to its portfolio. The deal demonstrates Marsh McLennan's commitment to strengthening its position in the highly competitive institutional investment management space.
The acquisition brings several strategic advantages: First, SECOR's expertise in asset liability management and specialized implementation will enhance Mercer's service offerings for sophisticated institutional clients, particularly in the critical pension and insurance sectors. Second, the addition of 40+ seasoned professionals in key financial centers bolsters Mercer's talent pool with specialized expertise that's increasingly valuable as institutional investment strategies grow more complex.
From a market positioning perspective, this acquisition is particularly timely given the ongoing consolidation in the institutional investment management industry. As regulatory requirements and investment complexity increase, scale and specialized expertise become increasingly critical for serving sophisticated institutional clients. SECOR's proven track record with pension funds and insurance companies will complement Mercer's existing capabilities and potentially accelerate growth in these segments.
The integration of SECOR's bespoke strategic solutions with Mercer's global resources and infrastructure should create meaningful synergies, potentially leading to expanded service offerings and deeper client relationships. This is especially relevant for pension funds and insurance companies seeking comprehensive investment solutions that combine strategic advice with sophisticated implementation capabilities.
While financial terms weren't disclosed, the addition of SECOR's revenue streams and client relationships should positively impact Marsh McLennan's investment management segment, though the effect may not be immediately material given MMC's large market cap of $112.4 billion. The true value lies in the strategic positioning and enhanced capabilities rather than immediate financial impact.
Founded in 2010 by Tony Kao, Ray Iwanowski and partners, SECOR serves the complex needs of institutional investors, including pension funds, insurance companies, endowments and family offices, with a range of end-to-end portfolio solutions, including investment advisory and implementation, fiduciary management and asset liability management. It has
Michael Dempsey, Mercer’s Wealth President, said, “SECOR’s exceptional team is highly regarded in the industry for their extensive experience working with in-house investment teams and proven expertise in specialized investment implementation. We are thrilled at the opportunity to welcome this talented group and to continue developing a comprehensive and agile suite of solutions designed for the distinct needs of institutional investors.”
Mr. Kao, SECOR’s Managing Principal and Chief Investment Officer, said, “It’s terrific that our colleagues will have the opportunity to advance their careers at Mercer and that our clients will benefit from access to Mercer’s extensive global resources, valued insights and seasoned investment talent once the transaction is finalized. Having served as both an in-house Chief Investment Officer and a partner to clients, I believe that Mercer is the ideal steward for our business's future.”
As part of the agreement, SECOR’s more than 40 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 over
About SECOR
SECOR Asset Management is a global provider of bespoke strategic and portfolio solutions with offices in
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1 SECOR has
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Media:
Cassie Lenski
Mercer
cassie.lenski@mercer.com
(214) 220-6227
Source: Mercer
FAQ
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