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Money Management

Willis Towers Watson to acquire Canadian money manager Integra Capital

Willis Towers Watson announced Friday it had agreed to acquire Canadian money manager Integra Capital.

Terms were not disclosed, a Willis Towers Watson spokeswoman said.

Integra, with C$6.3 billion ($4.8 billion) in assets under management, has been managing portfolios for Willis Towers Watson's Canadian delegated investment solutions business for pension funds, foundations and endowments.

Once the deal closes, expected in January, Integra will become a wholly owned subsidiary of Willis Towers Watson, the spokeswoman said.

Graham Rennie, Integra chairman and CEO, will retain that role and report to Kemp Ross, Willis Towers Watson's global head of delegated investment solutions. Integra will continue to manage assets for other clients, the spokeswoman said.