Business and investment consultancy Mercer has acquired a Norwegian investment and pension consulting firm, Pensjon & Finans, as it seeks to expand its reach in the Nordic region.
Clients of Pensjon & Finans will gain access to Mercer's range of services, and the company's chief executive, Espen Kløw, will become Mercer's head of investment consulting in Norway when the deal is finalised. Mercer said Caspar Holter, founder of Pensjon & Finans, would also continue at Mercer, though it did not reveal his role.
Pensjon & Finans was established in 1997 and has five employees. Kløw said the company would be able to offer better manager research and increased due diligence capabilities as a result of the acquisition.
“Many institutions are requiring more specialist advice as well as global capabilities and the combination of resources of Mercer and Pensjon & Finans will ensure that our Norwegian clients will benefit from the acquisition,” said Nicolai Berg, head of Mercer’s Nordic investments business.
©2012 funds europe