Marsh & McLennan-backed Mercer completed the acquisition of Cardano.

Marsh & McLennan-backed Mercer, a provider of investment advisory services, completed the acquisition of Cardano, a privately-owned investment management and advisory business with a focus on risk and sustainability. Financial terms were not disclosed. “Mercer is the ideal long-term home for our business and clients. We share an aligned culture with Mercer, focused on delivering excellent outcomes for clients, and together, we are committed to being the best solutions provider for UK and Dutch pension schemes. I am thrilled our clients and colleagues will have access to everything Mercer offers, including global resources, a deep bench of investment talent, strategic advice, manager research and alternative investment advice. We look forward to being one multi-disciplinary team and helping our clients navigate the evolving pension and investment landscape,” Michaël De Lathauwer, Cardano CEO.