Marsh McLennan’s Mercer completes acquisition of Vanguard’s U.S. OCIO business

Mercer announced the completion of its acquisition of Vanguard’s Outsourced Chief Investment Officer business that provides investment management services for not-for-profit organizations and other institutional investors in the United States. The acquisition, announced in December of last year, expands Mercer’s capabilities and expertise across investment solutions in the US. Incoming clients can elect to keep the same investment approach and team they enjoyed at Vanguard. They can now also choose to broaden their investment strategy through access to Mercer’s extensive global resources, including its deep bench of investment talent, world-class thought leadership and solutions from third-party investment managers across a spectrum of asset classes, from public equities and fixed income to alternative investments like infrastructure and private credit. Approximately 120 Vanguard colleagues join Mercer today. They will be based in Mercer’s offices in King of Prussia, PA, and Phoenix, AZ.