London: Mercer has been named Asset Managing Investment Consultant of the Year at the Financial News Awards for Excellence in Institutional Asset Management Europe 2011.
Mercer says the award recognises the strength of its investment advisory and implemented offerings, as well as its global footprint. Over the last 12 months, the firm has won 211 new business clients globally. Special mention was given to the firm's recent innovations, including the Mercer Workplace Savings solution for defined contribution pension schemes and Mercer's Dynamic De-risking Solution designed to help defined benefit pension schemes cope with their funding arrangements and underlying investment strategy.
Tom Geraghty, Head of Mercer's Investment Consulting business in Europe, Middle East and Africa, said: "While we are not in the business to win accolades, it is particularly pleasing to be recognised by our peers and the industry at large for our sustained market leading position. The award reflects the quality of our talent, intellectual capital and innovative solutions, and speaks to the strength of our full service investment proposition as we adapt to the dynamic and complex needs of the market."