UK/DENMARK - Mercer Investment Consulting (Mercer) and Danish investment consultant Invensure will cooperate to provide manager research and selection services to Danish institutional investors.
The two firms want to provide research intelligence and advice to help local institutional organisation develop their investment management arrangements, according Nicolai Berg, Nordic head of Mercer Investment Consulting.
"Many Danish life insurance companies and pension funds have now moved from internal to external asset management, and the demand for sophisticated mainstream and alternative investment products is expected to increase exponentially in coming years," Mercer said in a release.
Invensure, which specialises in asset liability analysis, risk management and strategic asset allocation advice for Danish institutional investors, said it had been searching a global partner to expand its offerings locally.
Søren Andersen, chief executive officer at Invensure, commented that under the agreement clients will have access to Mercer IC's research through the consultants and internet-based global investment management database and management performance analysis.
Mercer sees the cooperation with Invensure as a new opportunity to further expand in the Nordic region; the firm already has offices in Oslo, Stockholm and Copenhagen.