The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Callan Sale Could Narrow Asset Managers' Distribution Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 17, 2009

Callan Sale Could Narrow Asset Managers' Distribution

by: Armie Margaret Lee

Asset managers returning from the long weekend were jolted Tuesday morning by the news that one of the major pure-play consultants is changing hands. Callan Associates is selling to Mercer in a deal that creates one of the largest investment consulting businesses in the US. The deal, terms of which were not disclosed, is expected to close towards the end of this quarter.

Callan's sale narrows the field of pure plays to Frank Russell, Wilshire Associates, RogersCasey, Evaluation Associates, Capital Resources Advisors, Ennis, Knupp & Associates, R.V. Kuhns & Associates, The Marco Consulting Alliance and DeMarche Associates.

ďCallanís solid US presence complements our US investment consulting strength, along with our strong positions in Canada, Europe and Asia Pacific," said M. Michele Burns, chairman and CEO of Mercer, in a news release.

"This transaction demonstrates Mercerís commitment to invest in businesses that provide long-term strategic growth and in high-quality investment consulting services that benefit clients," Burns added.

For his part, Callan chairman and CEO Ronald Peyton said that by joining forces with Mercer "we can offer clients a wider range of tools and resources, top-notch professional advice and enhanced research, educational and quantitative services."  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use