Stronger together: completing the acquisition of Cardano
The completion of the acquisition of Cardano marks an important moment for our business as we strive to be the investment partner of choice to institutional investors across the UK.
We’re thrilled to officially welcome Cardano colleagues and their clients to Marsh Mc Lennan today; with the acquisition now closed, we can begin planning to harness the combined strengths of both firms to deliver more value to clients globally through a fuller suite of investment solutions.
The acquisition of Cardano, announced back in June, will position Mercer as one of the largest pension providers in the UK and the Netherlands, and a leader in advisory and investment solutions for a wide range of institutional investors including pensions, insurers, endowments and not-for-profits, and family offices globally.
The combination of our two multidisciplinary teams will position us as a more agile investment partner to large asset owners.
Through the transaction, Cardano’s DC master trust, now:pensions, will complement our existing DC Master Trusts and enable us to increase the breadth of Master Trust solutions for defined contribution clients across the UK.
In advisory, we will be able to expand the breadth of our proposition to all Corporate and Trustee clients. Mercer’s existing corporate advice will also be enhanced through the addition of Cardano’s corporate advisory team, who will bring specialist expertise in pension risk management and mitigation advice through M&A and corporate restructuring.
Clients across the UK Fiduciary Management/OCIO market will benefit from our combined offering - pension expertise, direct market execution capabilities and risk transfer experience all from a single provider. More broadly, UK institutional clients - from Endowments and Foundations, Insurers and Wealth Managers to Family Offices - will benefit from the expansion of our manager research, operational and execution platforms.
The addition of Cardano’s wealth of talent and capabilities to our multidisciplinary team will be an important milestone on Mercer’s strategic path. Together, we aim to be a more agile investment partner to large asset owners – and we can’t wait to get started.