Aligning talent to meet evolving client needs and market demands
Mercer, a global consulting leader in advancing health, wealth and career, recently announced the appointment of several new leaders in the company’s Wealth business. The appointments follow other notable, strategic actions undertaken by the firm in the last few months, including the acquisitions of Pavilion Financial Corporation and Summit Strategies Group and a strategic alliance with Morningstar.
has been appointed Global Segment Leader for Mercer’s Defined Benefit (DB) client segment. In his new role, Mr. Pearce will set and drive Mercer’s strategy for actuarial and investment advice and services within the DB segment, and ensure focus on innovative solutions for clients. In addition, he will work to accelerate Mercer’s sale and delivery of global actuarial and pension risk management advice and solutions. This post was previously held by Benoit Hudon, who recently took on the role of UK Wealth Leader for Mercer.
assumes the role of Global Chief Actuary, while continuing to serve as US Chief Actuary. As part of this role, Mr. Cadenhead will partner with Mercer’s regional Chief Actuaries to facilitate the sharing of best practices worldwide.
will take on the role of Global Segment Leader for Financial Intermediaries and Family Offices, where she will be responsible for identifying new client solutions and opportunities in these fast growing market segments.
has been named Mercer’s Global Segment Leader for Defined Contribution (DC) and Master Trusts. In this position, Mr. Saharic will oversee the development of solutions to help clients navigate towards DC and Master Trust solutions.
Previously, Ms. Williams and Mr. Saharic’s new duties were performed by Renee McGowan, who served as Global Leader for DC and Individual Wealth. Ms. McGowan has been appointed Mercer’s CEO, Asia Region, effective November 1, 2018.
Finally, following a long and distinguished career in the investment consulting industry, Andrew Kirton, Chief Investment Officer for Mercer’s Wealth Business, will be leaving at the end of March to pursue other interests. Andrew’s duties will be reallocated between Hooman Kaveh, Global Chief Investment Officer for Delegated Investment Solutions; Bill Muysken, Global Chief Investment Officer for Alternatives; Deb Clarke, Global Head of Investment Research; and Donn Cox, Alternatives Business Leader. Ms. Clarke, Mr. Muysken and Mr. Kaveh have already held their respective roles for several years. Mr. Cox joined Mercer through the Pavilion acquisition, and was previously the global business leader for Pavilion’s alternatives business.
Rich Nuzum, President of Mercer’s Wealth business, said, "We are focused on aligning our talent to support our clients’ evolving needs and to embrace and help lead innovation in the market. Continuing to serve DB clients remains a core focus of our business, and Graham and Bruce will provide strong leadership in this segment. At the same time, given the explosive growth globally in individual account segments, we’ve taken the opportunity to double our leadership resource dedicated to the financial intermediaries, family office, DC and master trust segments, through the appointments of Cara and Troy. I look forward to the energy and ideas that each of our new leaders will contribute to support our colleagues in innovating the advice and services we provide across these important client segments."
Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With more than 65,000 colleagues and annual revenue over $14 billion, through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.