Mercer, a global consulting leader in advancing health, wealth and career, announced today its global investments business has been ranked as the largest outsourced chief investment officer (OCIO) provider in a 2019 survey by Chief Investment Officer magazine (“Ai CIO”).
“We are honored to be ranked first globally by Ai CIO magazine. Ultimately though, this ranking matters most in the context of how it benefits our clients,” said Rich Nuzum, President of Mercer’s Wealth business. “Our size enables us to provide our clients with access to highly-rated strategies. It also allows us to negotiate asset manager fees on behalf of our clients in an effort to reduce fees.”
A total of 39 firms that offer OCIO services volunteered information this year. Mercer’s OCIO services, with $228.6 billion in assets globally, are delivered to institutional investors around the world from its hubs in Boston, Dublin, Hong Kong, London, Melbourne, Singapore, St. Louis, Tokyo, Toronto and Zurich.
“The OCIO market has had double digit growth in the last few years, as institutional investors have focused on how to better manage risk and resources. Given this growth, we have invested in our intellectual capital and in our infrastructure. Our ‘boots on the ground’ – a team of 165 manager researchers around the world – brings a full spectrum of innovative investment opportunities and strategies to our clients,” said Rich Joseph, Mercer’s US OCIO leader. “Our aim is to create highly effective programs for our clients to help them navigate the challenges of the market and meet their business objectives.”
Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With nearly 65,000 colleagues and annual revenue over $14 billion, through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.
 In providing OCIO services, Mercer typically exercises investment discretion by hiring and overseeing third party asset managers on behalf of client portfolios. Global OCIO assets data, which is primarily but not exclusively discretionary mandates, is as of December 31, 2018.