Benoit Hudon: Completion of this deal strengthens our proposition in the UK wealth management sector
Mercer has announced the completion of its acquisition of Fundhouse in the UK.
The consultant, which is part of Marsh McLennan, said the purchase of the London-based investment advisory and model portfolio services firm – first announced in June – further strengthens Mercer's capabilities and allowed it to broaden its wealth management presence in the UK.
It added that Fundhouse and its clients would also benefit from Mercer's support, including access to Mercer's UK-wide presence and breadth of global investment research.
Mercer UK chief executive Benoit Hudon said: "Completion of this deal strengthens our proposition in the UK wealth management sector. It means we can use our combined capabilities to bring exciting new opportunities and ideas to our clients. We are delighted to welcome Fundhouse colleagues to Marsh McLennan."
Fundhouse chief executive and chief investment officer Rory Maguire added: "I am excited by the opportunities this deal brings. Together, with our combined focus on deep research and excellent client service, we can continue to provide our clients with fresh perspectives and excellent outcomes."
The firms said that, following this completion of the deal, Fundhouse staff would join Mercer.
