Equity Trustees (EQT) has named Mercer as its external asset consultant for its retail and institutional business, moving this function to a third party for the first time.
EQT said Mercer was chosen after EQT engaged in a review process of its investment capabilities. Mercer would work in conjunction with newly appointed chief investment officer George Boubouras across all EQT investment mandates.
Mercer will supply strategic asset allocation advice, reporting and monitoring, and portfolio construction recommendations to EQT’s institutional business, supplying investment research and approved product list construction, model portfolio construction and adviser support to its retail business.
EQT said the decision to go with an external asset consultant was to ensure EQT remained consistent in its asset and risk management across both sides of the business and ensure it met legislative and regulatory obligations.
EQT managing director Robin Burns said its board considered Mercer as most able to assist EQT in achieving these outcomes. It had shown an understanding of EQT’s strategy, needs and fiduciary obligations.
