Mercer expands covenant advisory team with two senior hires, Kriti Chandnani and Joe Hornsby 

London, 25 August 2022

Mercer has announced the appointments of Kriti Chandnani and Joe Hornsby as Senior Associates in the Covenant team, further developing Mercer’s growing covenant advisory team headed by Partner Darren Masters. The new hires are in addition to Adam D’Souza, Brandy Mukasa and Michael Fenton who have joined in the last year taking the total size of the team to 15 and covering the whole of the UK.

Mrs Chandnani, a qualified accountant with a background in equity research and corporate finance, joins from Argyll Covenant.  Kriti has experience working with trustees and corporates across a range of situations including valuations, advising on the impact of restructuring, transactions, and performance monitoring. 

Mr Hornsby, is also a qualified accountant with a background in audit. In Joe’s previous role as a covenant manager, he has experience across a wide range of sectors, including logistics, engineering, retail, food manufacturing, housing, financial services, and not-for-profit organisations.

Andrew Ward, Partner and Risk Transfer and DB Journey Planning Leader, commented, “Kriti and Joe are great additions to Mercer’s covenant offering bringing a wide range of experience at an exciting time for our business and the covenant sector. They will help the team deliver high quality covenant advice to both pension scheme trustees and corporate sponsors across the breadth of our client base and with new opportunities. This is a further step in developing Mercer’s leading role in the covenant advisory market. Understanding covenant is of crucial importance in scheme valuations, in M&A and more recently in situations previously considered as business as usual. Kriti and Joe’s knowledge and approach will significantly expand our team’s capabilities, and help clients successfully navigate these issues.”

About Mercer

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 83,000 colleagues and annual revenue of nearly $20 billion. Through its market-leading businesses including MarshGuy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit Follow Mercer on LinkedIn and Twitter.


Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s 83,000 colleagues advise clients in 130 countries. With annual revenue of approximately $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and well being for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit, follow us on LinkedIn and Twitter or subscribe to BRINK.