Mercer Expands with SECOR Asset Management Acquisition

Deal News | May 06, 2025 | Re-Insurance News

Mercer, a segment of Marsh McLennan, has finalized its acquisition of SECOR Asset Management, a firm providing strategic and portfolio services globally. The deal, initially announced in February 2025, aims to enhance Mercer's investment capabilities for a diverse array of institutional clients and major asset owners. SECOR, known for its comprehensive portfolio solutions, will see over 40 of its staff in New York and London transition to Mercer. Michael Dempsey of Mercer expressed enthusiasm over the acquisition, highlighting the fortified commitment to client portfolios. Meanwhile, Tony Kao, SECOR's CIO, recognized the acquisition as vital for adapting to the shifting investment landscape. Mercer intends to establish a specialist Global Investment Partnerships Group post-acquisition to better serve unique client needs.

Sectors

Asset Management
Investment Advisory

Geography

United States – SECOR Asset Management has a significant presence in New York, which is a key factor in the acquisition.
United Kingdom – Part of SECOR's team transitioning to Mercer is based in London, indicating its geographical reach and influence in the UK market.

Industry

Asset Management – The acquisition involves companies engaged in asset management, focusing on portfolio solutions for institutional investors.
Investment Advisory – SECOR provides strategic and advisory services which are crucial in the investment landscape highlighted in this acquisition news.

Financials

Participants

Name	Role	Type	Description
Mercer	Acquiring Company	Company	A business of Marsh McLennan, focusing on expanding its investment capabilities through the acquisition.
SECOR Asset Management	Target Company	Company	A provider of bespoke strategic and portfolio solutions acquired by Mercer.
Marsh McLennan	Parent Company of Mercer	Company	The parent company of Mercer, providing support for its expansion and strategic initiatives.
Michael Dempsey	Wealth President of Mercer	Person	Expressed enthusiasm for the acquisition, underscoring the commitment to client services.
Tony Kao	Managing Principal and CIO of SECOR	Person	Highlighted the strategic importance of the acquisition for responding to investment market changes.