Mercer builds out investment management across Asia

Mercer is moving to expand its investment management business into Asia by establishing sales and client service beachheads in South Korea, Hong Kong, Japan and Singapore this year. The US-based firm has already built an $18 billion business over the past decade in Australia and New Zealand, primarily driven by defined contribution outsourcing of corporate plans. Having started life as an advisory-only firm, Mercer has become the largest actuarial and benefits consultant and largest i…