Investment consultancy group Mercer has followed up its launch in China last year by setting up a unit in India to research local opportunities for Mercer's global institutional clients and tap into the rapidly growing Indian wealth management market.

Mercer has appointed two research analysts in Mumbai who will research India-based asset and portfolio management firms managing listed equities. It is planning to hire additional analysts with experience in alternative asset classes and has invited managers in all asset classes to register on its global research database.