EUROPE - Mercer Global Investments (MGI), Mercer's multi-manager business, has launched in Europe and already has more than US$500m of assets under management.
The move is the latest part of the firm's 2004 strategy to roll out a global multi-manager business under the new branding of MGI.
It opened operations in the US in March last year, although it lost its US head, Barry McInerney, to Russell Investment Group in July of this year.
The European launch will initially focus on the UK and Ireland, with the main European office based in Dublin and a further office in London, but Mercer said that "measured expansion" was already underway in continental Europe.
Commenting on the launch, Tom Murphy, head of Mercer Global Investments in Europe, said: "In Europe, we have built a team of seasoned multi-manager practitioners. Each of our portfolio managers has over 10 years of direct multi-manager experience, while our chief operating officer previously headed up the European operations of the world’s largest multi-management firm."
The European team is comprised of Tom Murphy as business leader, Hooman Kaveh as CIO officer, John Poole as COO and Dan Melley as UK head of business development.
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