Mercer to acquire OCIO business from Vanguard.

Mercer, a consulting firm, agreed to acquire outsourced chief investment officer business from Vanguard, an investment advisor. Financial terms were not disclosed. “Vanguard’s differentiated investment philosophy, strength in the not-for-profit sector, and client-centric approach complements our global capabilities across OCIO and managing alternative asset classes,” Marc Cordover, Mercer US Investments and Retirement Leader.