India, May 2 -- Mercer, a subsidiary of Marsh McLennan (MMC), Friday announced that it has finalized its acquisition of SECOR Asset Management.
While the financial details were not disclosed, the move enhances Mercer's global investment service offerings for institutional investors and large asset owners.
SECOR specializes in tailored investment services, including advisory, fiduciary management, implementation, and asset liability management. The integration brings together SECOR's expertise with Mercer's global infrastructure to serve complex institutional portfolios.
Michael Dempsey, Mercer's Wealth President, expressed enthusiasm about the acquisition, emphasizing the firm's continued commitment to partnering closely with clients and...