Combining scale and expertise to manage complexity and risks, while streamlining processes to keep your objectives in focus, no matter what.
Q&A with Yanick Chainey, Head of Multi-Country Delegated Investment Solutions, outlines how our Multi-Country Delegated Investment Solutions can add value to companies with global operations, offering retirement benefits all around the world.
Companies operating across a variety of jurisdictions need a strong governance framework with streamlined processes to remain efficient while also delivering value to pension plan participants. They also need to ensure risks within investment portfolios are carefully managed.
Through our multi-country Investment Solutions structure, we believe we can help our clients operate efficient and resilient pension arrangements for their employees all around the world.
We created this structure as a complete governance framework to enable multinational companies stay on top of their global pension investment strategy. Our framework also allows clients to achieve economies of scale and leverage our ability to negotiate fees across all plans, while managing the inherent complexity within each country.
Our on-the-ground teams help clients at a local level while drawing on our global capabilities to design a tailored approach to their specific challenges.
We believe our heritage in investment consulting means companies who entrust their pension arrangements to Mercer know their portfolios are being managed by teams who specialise in local regulatory themes, global investment trends and industry practices.
Our systems streamline investment, portfolio and risk management processes, while our robust governance framework can be applied to any business of any scale, by our global clients.
Our framework enables companies to manage their pension assets and benefits systems with confidence. It helps them navigate uncertainty, leverage their global scale, while knowing their portfolio is being overseen by trusted specialists.
Thanks to our global network of professionals, our clients can potentially benefit from our local expertise on specific matters, along with our position as leaders in investment consulting and implementation.
Although we offer a complete governance framework, we have developed a flexible model that empowers our clients to use only the services they need to keep their objectives in focus. We believe our modular framework is a critical advantage for multinational clients as we can customize our delivery model and level of service to their exact requirements.
Through our collaborative, flexible approach, we work with our clients to set specific objectives, allowing them to partner with Mercer for as much of the strategy and processes as they feel comfortable. Some clients want help with operational execution, monitoring and reporting, others need asset allocation and manager selection guidance.
Those who require significant investment support task us with dynamically managing their portfolios, meaning we can automatically adjust strategies and instruments – always within their own tolerances – when we see opportunities or threats arising.
Clients can be as “hands on” monitoring their portfolio as they like, while we also produce timely company-wide reports to keep them up to date.
We have purposely built a globally consistent operational structure that streamlines processes and harnesses the power of our diverse intellectual capital and research.
Hundreds of us at Mercer, using specially developed tools and processes, work to help ensure each client remains on track to meet their own target objectives, no matter what happens in global markets.
We also help our clients leverage their own scale and global presence, with the aim of cutting costs and streamlining their operations.
For clients who delegate portfolio management to us, our investment strategists and asset allocation experts seek to identify where they can add crucial value. They draw on our vast research capability to select highly rated managers to implement the most appropriate approach through a streamlined onboarding process.
To enable efficient execution of investment decisions and tactical changes, Mercer has a dedicated operational implementation team supporting the delivery of our solutions to multinational clients. Through our platform, this team facilitates day-to-day operational needs, such as assisting with portfolio paperwork, managing liquidity, reporting and rebalancing.
We closely monitor every client portfolio – from changes in funding level, shifts in asset allocation to currency and interest rate hedging – always remembering their specific regulatory requirements and investment philosophies, while bringing them the global visibility they need.
As a multinational company, we understand the challenges you face – they are our challenges too – and appreciate how varied your needs can be.
We believe our platform enables companies to enhance their global visibility, proactively manage regulatory complexity and oversee risk, return and funding level changes.
We partner with each client to create a specific framework, considering their long-term goals and shorter-term pressures. We know things can change quickly, so have drawn on our experience to build a framework that can flex over time.
Over the past 15 years, we have built the largest Investment Solutions and OCIO services business in the world, managing more than $380bn for more than 1,000 clients. In 2019 and 2020, CIO magazine’s independent survey confirmed that we managed the most discretionary OCIO assets amongst our peers.
But it is not all about size – it’s about what we can do for you with it, too.
Thanks to our market position, we can potentially negotiate with fund managers and other providers from a position of strength, passing on the savings we secure directly and transparently to our clients. Furthermore, depending on asset class, given our global influence, we can often secure access to high-rated managers with capacity constraints.
Our business is not based on selling products. We prefer to establish long-term relationships through which we can help meet our multinational clients’ varied and complex needs.
Get in touch to find out what we could do for you.
1. Source: Chief Investment Officer (ai-cio.com), full discretionary OCIO Assets under Management (AUM) ranked by worldwide assets under advisement as of 09/30/2020 as reported by each firm to ai-cio. Mercer did not pay a fee to participate in this survey. This survey is not indicative of the adviser’s future performance. Please see Important Notices for important information about Assets under Management.
Achieving better governance
We believe there are 12 essential steps investors should take to improve their governance. These actions help build a strong base to enable investors to stay on top of what is happening today and be ready to face whatever the future holds.
Get future ready
Our investment solutions platform helps our clients invest with confidence, navigate uncertainty and explore potential opportunities in all market conditions.
References to Mercer shall be construed to include Mercer LLC and/or its associated companies.
© 2021 Mercer LLC. All rights reserved.
This content may not be modified, sold or otherwise provided, in whole or in part, to any other person or entity without Mercer's prior written permission.
Mercer does not provide tax or legal advice. You should contact your tax advisor, accountant and/or attorney before making any decisions with tax or legal implications.
This does not constitute an offer to purchase or sell any securities.
The findings, ratings and/or opinions expressed herein are the intellectual property of Mercer and are subject to change without notice. They are not intended to convey any guarantees as to the future performance of the investment products, asset classes or capital markets discussed.
For Mercer’s conflict of interest disclosures, contact your Mercer representative or see http://www.mercer.com/conflictsofinterest.
This does not contain investment advice relating to your particular circumstances. No investment decision should be made based on this information without first obtaining appropriate professional advice and considering your circumstances. Mercer provides recommendations based on the particular client's circumstances, investment objectives and needs. As such, investment results will vary and actual results may differ materially.
Information contained herein may have been obtained from a range of third party sources. While the information is believed to be reliable, Mercer has not sought to verify it independently. As such, Mercer makes no representations or warranties as to the accuracy of the information presented and takes no responsibility or liability (including for indirect, consequential, or incidental damages) for any error, omission or inaccuracy in the data supplied by any third party.
Investment management and advisory services for U.S. clients are provided by Mercer Investments LLC (Mercer Investments). Mercer Investments LLC is registered to do business as “Mercer Investment Advisers LLC” in the following states: Arizona, California, Florida, Illinois, Kentucky, New Jersey, North Carolina, Oklahoma, Pennsylvania, Texas, and West Virginia; as “Mercer Investments LLC (Delaware)” in Georgia; as “Mercer Investments LLC of Delaware” in Louisiana; and “Mercer Investments LLC, a limited liability company of Delaware” in Oregon. Mercer Investments LLC is a federally registered investment adviser under the Investment Advisers Act of 1940, as amended. Registration as an investment adviser does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Mercer Investments’ Form ADV Part 2A & 2B can be obtained by written request directed to: Compliance Department, Mercer Investments, 99 High Street, Boston, MA 02110.
Not all services mentioned are available in all jurisdictions. Please contact your Mercer representative for more information.
Certain regulated services in Europe are provided by Mercer Global Investments Europe Limited and Mercer Limited.
Mercer Global Investments Europe Limited and Mercer Limited are regulated by the Central Bank of Ireland under the European Union (Markets in Financial Instruments) Regulation 2017, as an investment firm. Registered officer: Charlotte House, Charlemont Street, Dublin 2, Ireland. Registered in Ireland No. 416688. Mercer Limited is authorized and regulated by the Financial Conduct Authority. Registered in England and Wales No. 984275. Registered Office: 1 Tower Place West, Tower Place, London EC3R 5BU.
Investment management services for Canadian investors are provided by Mercer Global Investments Canada Limited. Investment consulting services for Canadian investors are provided by Mercer (Canada) Limited.