Mumbai:Mercer, one of the world’s largest investment consulting firms, has launched its investment consulting business in India.
It will commence operations by researching Indian-based asset management and portfolio management service firms managing listed equities. This will complement its comprehensive global research coverage and form part of the investment consulting advice Mercer already provides to institutional clients worldwide.
Mercer’s global investment consulting business provides services to more than 2,750 clients with assets of over $3.5 trillion, in some 35 countries. It provides investment advice and tools to institutional investors such as pension funds, sovereign wealth funds, insurers, foundations and endowments and, increasingly, retail intermediaries such as private banks and multi-manager funds.
Tony Cole, Mercer Worldwide partner and business leader for the company’s investment consulting business in the Asia Pacific said that expanding into India was a natural progression for the business after it started operations in China a few months ago.
“Like China, as India opens up and invites more foreign investors, it follows that our business establishes a presence on the ground to research investment opportunities for our global institutional and retail intermediary clients. Local presence will also help us evaluate the effect growth in India has on the performance of other asset classes,” Cole said.
“As a global firm, we harness resources of 610 consultants which include 56 dedicated asset manager researchers to share information with the investment consulting business across the globe to provide best practice solutions in each market. Even though we are a new business in India, our established global practices enable us to provide meaningful services to Indian investors immediately,” Cole explained.
Mercer has appointed Rashmi Mehrotra, as its business leader for investment consulting in India and head of the retail services unit for Asia Pacific. She along with a dedicated team will provide investment consulting services to the Indian market. The focus will be on retail intermediaries such as private banks and wealth management firms.
Mercer’s Indian business has been providing HR-related advice to Indian corporates for 10 years through its four offices in Gurgaon, Mumbai, Chennai and Bangalore.