Consulting firm Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has acquired India Life Capital (ILC), an investment advisory firm based in India.

ILC offers investment advisory, retirement consulting and investment consulting to more than 100 clients, including banks, domestic and multinational companies, educational institutes, and public-sector organisations.

Through the deal, Mercer aims to offer companies access to global advice and financial solutions.

As part of the deal, an experienced team with expertise in India’s investments and retirement market will join Mercer. Financial terms of the transaction have not been disclosed.

Mercer India CEO Anish Sarkar said: “The India Life acquisition will help Mercer to expand its existing wealth business in India. It enables us to offer investment advisory services to retirement funds and other institutional assets, and also bring in the full portfolio of Mercer’s Investments solutions to our clients here.”

With about $240bn of assets under delegated management, Mercer offers advice and technology-driven solutions to organisations in over 130 countries across the globe.

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