Mercer, a Marsh & McLennan subsidiary, acquires Cardano and £4bn NOW Pensions, adding $66bn in assets under management, pending regulatory approvals.
Marsh & McLennan's subsidiary, Mercer, is acquiring Cardano, an investment management and advisory firm, and Cardano's £4bn master trust NOW Pensions, adding $66bn in assets under management. The deal is subject to regulatory approvals and aims to position Mercer as a leading pension provider, allowing expansion to serve other large asset owners like endowments, foundations, family offices, and insurers.
June 11, 2024
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