Mercer launches investment consulting business in India

12 February 2008

Mumbai: Mercer, one of the world's largest investment consulting firms, has launched its investment consulting business in India.

Mercer will commence operations by researching India-based asset management and portfolio management service firms managing listed equities.  This will complement its comprehensive global research coverage and form part of the investment consulting advice Mercer already provides to institutional clients worldwide. 

Mercer's global investment consulting business provides services to over 2,750 clients with assets of over $3.5 trillion, in around 35 countries.

Mercer provides investment advice and tools to institutional investors such as pension funds, sovereign wealth funds, insurers, foundations and endowments and, increasingly, retail intermediaries such as private banks and multi-manager funds.

Tony Cole, Mercer Worldwide Partner and Business Leader for Mercer's investment consulting business in the Asia Pacific, said that expanding into India was a natural progression for the business after it started operations in China a few months ago.

"Like China, as India opens up and invites more foreign investors, it follows that our business establishes a presence on the ground to research investment opportunities for our global institutional and retail intermediary clients.  Local presence will also help us evaluate the effect the growth of India has on the performance of other asset classes," Cole said.