EQT said it decided to partner with an external asset consultant to maintain consistency in its asset management and risk management activities across its retail and institutional business units, and to help it meet legislative and regulatory obligations.
“Mercer met our strict criteria for delivering asset consultant services, including providing quality research and product recommendations, reporting and monitoring in line with our prudential obligations, and having the breadth and depth of resources, including people and technology on a global scale, to meet the needs of both our institutional and retail businesses,” said EQT managing director Robin Burns.
Mercer will work closely with George Boubouras in EQT’s newly created CIO role, he said, providing strategic asset allocation advice, reporting and monitoring, and portfolio construction recommendations to EQT’s institutional business, as well as investment research and approved product list construction, model portfolio construction, and adviser support on the retail side.
