Human resources consultancy giant Mercer is to acquire the investment, alternatives consulting and wealth management operations of Canada-based Pavilion Financial Corporation for an undisclosed sum.
Winnipeg-based Pavilion has offices across North America in addition to London and Singapore.
A statement released by New York-based Mercer said that that the acquisition would complement Mercer’s existing investment consulting, alternatives and wealth management offerings.
Mercer intends to use the Pavilion brand for investment consulting services provided to the institutional not-for-profit (NFP) and insurance client segments post-close.
Rich Nuzum, the president of Mercer’s global wealth management business, said that Pavilion clients would gain access to Mercer’s global strategic and manager research and investment capabilities while retaining access to customised, strategic advice delivered by a specialist consultant.
“Together, our complementary capabilities will enhance our ability to serve our clients,” he said.
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