Mercer to acquire vanguard's us outsourced chief investment officer business

New york--(business wire)--mercer, a global leader in reshaping retirement and investment outcomes and a business of marsh mclennan (nyse: mmc), today announced that it reached an agreement to acquire vanguard's outsourced chief investment officer (ocio) business that provides investment management services for not-for-profit organizations and other institutional investors in the united states. commenting on the acquisition, marc cordover, us investments and retirement leader, mercer, said: “va.
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