Mercer creates India consulting business

Mercer opened an investment consulting business in India, researching asset management firms based in the country. Rashmi Mehrotra was named principal and business leader for consulting in India, according to a Mercer news release. Separately, Mercer’s revenue was $882 million as of Dec. 31, up 14% from three months earlier and 11% higher than a year ago, according to an earnings release from parent Marsh & McLennan Cos. Inc. Revenues for Mercer’s retirement and investment consulting businesses were $340 million for the quarter, up 16% from the third quarter, and its investment outsourcing business had revenues of $197 million, up 17% from Sept. 30.