Tom Murphy to lead new US business unit
Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC) today announced a number of leadership changes as well as the creation of a US Defined Contribution (DC) & Financial Wellness business unit, which will be led by senior partner Tom Murphy. This unit brings together specialist DC and financial wellness talent from across Mercer’s US business to provide stronger support to Mercer’s client base.
Rich Joseph, currently the Chief Operating Officer of Mercer Delegated Solutions (DS) in North America succeeds Mr. Murphy as head of the US DS business. Mr. Murphy and Mr. Joseph both remain in Mercer’s Boston location and their respective new positions are effective immediately. Mercer intends to further expand this team with the addition of complementary, external talent to drive intellectual capital and proposition development in support of existing and future clients.
Also effective immediately, Liana Magner, also based in Boston, is appointed to the role of National DC Investment Segment Leader, and Neil Lloyd, based in Vancouver, is appointed to the role of US DC Research Leader. Both will work within the new DC and Financial Wellness business unit.
“Bringing together our existing DC and financial wellness teams while adding complementary external talent and capabilities will enhance our ability to serve our clients,” said Simon O’Regan, president, North America Region, Mercer. “Our objective is to drive better financial outcomes for our clients and greater individual financial success for their employees. We will achieve this by broadening our suite of services and solutions, leveraging disruptive technology and combining our retirement and other financial management offerings into a single, engaging experience.”
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and careers of their most vital asset – their people. Mercer’s more than 20,000 employees are based in 43 countries and the firm operates in over 140 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With annual revenue of $13 billion and 57,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.