Marsh McLennan’s Mercer completes acquisition of Cardano

Mercer, a business of Marsh McLennan (NYSE: MMC) and a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people, today announced the completion of the acquisition of Cardano. Terms of the transaction were not disclosed.

Mercer and Cardano are respected businesses active in the pension market in the Netherlands and the United Kingdom. Cardano was founded in the Netherlands in 2000. It helps institutional investors such as pension funds and insurers enhance their financial resilience through risk management advice and services in the areas of liability-driven investing (LDI) and sustainable investing.

With the acquisition, Mercer strengthens its services to institutional investors in the areas of risk management, pension advice and asset management in the Netherlands and beyond.

David Sanderse, Marsh McLennan’s Netherlands CEO, said: “Getting to know Cardano over the past few months has confirmed that we are stronger together. Our businesses are complementary in terms of talent, value propositions and international footprints. As a result, we will further improve our services to our customers, both in the Netherlands and internationally.”

Harold Naus, Cardano’s Netherlands CEO, said: “We are proud of our Dutch legacy and the team we’ve built here. The acquisition by Mercer is a wonderful step forward for our business and our people. This partnership gives us access to a global network of customers, advanced expertise and innovative tools that allow us to serve our customers even better.”

As part of the transaction, more than 550 Cardano colleagues in Rotterdam, London and Nottingham will join Mercer.