Management Consulting
Aon
Full Credential Description
Aon recently expanded its outsourced chief investment officer (OCIO) service in the UK by taking on an additional £3.5 billion in assets under management (AUM) from three new clients. This move increased the AUM of Aon's EMEA delegated consulting business to over £29 billion and globally to £144 billion as of September 30, 2024. Among the new clients is a £1.25 billion pension scheme that sought to simplify its investment strategy across various asset classes, and a prestigious £1 billion charitable foundation with a diverse asset pool. The third client is Aon's own £1.25 billion legacy defined benefit scheme, the Aon Retirement Plan (ARP), which has approximately 13,000 members. The trustees of the ARP opted for an OCIO to allow them to focus on broader strategic decisions and projects, thereby enhancing their operational efficiency. Aons partner and head of delegated clients in the UK, William Parry, emphasized the growing trend among pension schemes and asset owners to utilize OCIO services for more efficient asset management. This approach enables clients to concentrate on strategic goals while maintaining flexibility in asset investment. Aon is particularly excited about extending its investment expertise to the charitable foundation, which presents a unique opportunity to test the robustness of their platform by accommodating different strategic goals and asset allocation needs. Aon plans to leverage its long-term strategic expertise to manage these assets effectively through its OCIO function.