Mercer wins Thai pension mandate
But will it win another mandate for selecting offshore fund managers?
William M Mercer has scored a victory over its investment consulting rivals by clinching a mandate to advise the Government Pension Fund of Thailand on asset allocation, according to Singha Nikornpun, deputy secretary-general at GPF in Bangkok.Frank Russell, Towers Perrin and Watson Wyatt had also pitched for the business.The GPF is a young institution, founded only three years ago, and manages retirement assets for 2.5 million government workers. It has Bt150 billion ($3.4 billion) i…
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