Mercer has completed the acquisition of SECOR Asset Management for an undisclosed amount.

Founded in 2010, SECOR serves the needs of institutional investors, with a range of end-to-end portfolio solutions, including investment advisory and implementation, fiduciary management and asset liability management.

As part of the agreement, SECOR's more than 40 colleagues in New York and London are joining Mercer. 

The move is expected to help expand Mercer’s investment capabilities for its institutional client base and large asset owners globally.

In addition to this, Mercer announced that, following this latest acquisition, it is looking to establish a specialist Global Investment Partnerships Group.

Comprised of a network of experts from across the organisation, the group will focus on serving in-house investment teams and large asset owners and addressing their unique and complex needs with customised solutions and strategic portfolio structuring and execution.

Commenting on the acquisition, Mercer wealth president, Michael Dempsey, said, “We are thrilled to welcome Secor's exceptional team to Mercer.

"As we move forward together, our commitment to being a dedicated partner to our clients’ portfolios remains unwavering.

"We understand that each investment journey is unique, and with the added capabilities of SECOR, we are better equipped to help sophisticated investors navigate the markets and optimise asset allocation amid increasing uncertainty.”

Adding to this, SECOR managing principal and chief investment officer, Tony Kao, said the deal was a "pivotal step forward" for the group's mutual clients, positioning the company to respond to the evolving investment landscape with greater agility and innovation.

The terms of the deal were not disclosed.

---