Aon wins three UK OCIO mandates totaling GBP3.5 billion
Aon Investments →Aon announced three new UK outsourced chief investment officer clients representing £3.5 billion in assets on November 5, 2024. The appointments included the Aon Retirement Plan, a legacy defined benefit scheme with £1.25 billion and around 13,000 members. The other clients were an unnamed £1.25 billion pension scheme seeking a simpler investment strategy and an unnamed £1 billion charitable foundation. Aon said global delegated assets were £144 billion as of September 30, 2024, while EMEA delegated assets exceeded £29 billion. William Parry, head of delegated clients in the UK, described ongoing investment in technology and the OCIO offering. The announcement reports investment-management mandates, not acquisitions or direct LP commitments to a named private fund.