Hillhouse Investment Management has agreed to acquire Mercer’s private client services (PCS), an Asia-led wealth protection and life insurance advisory unit, in a move that expands its reach into integrated wealth solutions for private clients.
PCS, founded in 2003 and part of Marsh McLennan through its Mercer business, provides wealth protection and insurance solutions to high-net-worth clients across Asia. The transaction is subject to regulatory approvals and customary closing conditions, according to a release on Friday.
Under the agreement, PCS will be integrated into Hillhouse’s broader ecosystem, giving clients access to the firm’s portfolio across sectors such as education, healthcare, and wealth protection while also expanding distribution opportunities for partner banks.
“PCS has spent over two decades building the trust to serve clients at this level, and Hillhouse will give us the platform to serve them on a scale we have never had before,” said Joseph Low, Group CEO of Mercer PCS.
“Mercer’s Private Client Services team has an incredible reputation in the industry, and the advisory work they do with clients, with the best wealth management and protection solutions, is incredibly important in this day and age,” said Adam Hornung, co-chief operating officer at Hillhouse.
