Mercer, a global consulting leader in advancing health, wealth and career, and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), today announced that Matt McDaniel has been appointed to lead Mercer’s Financial Strategy Group (FSG) in the US. In addition, Jay Dinunzio has joined the FSG team as a Principal.
Mr. McDaniel leads an integrated team of experts spanning investments, actuarial, and insurance solutions. He works with plan sponsors to deliver leading edge solutions to manage pension risk.
“We are proud to announce Matt’s well deserved promotion to lead the FSG. Under his capable guidance, we expect the FSG to remain a market leader across our defined benefit risk-management efforts from strategy through execution.” said Scott Jarboe, Partner, Mercer’s Wealth business.
Mr. McDaniel has spent 17 years in the defined benefit consulting sector, with 11 of those years with Mercer. He has served in several key roles representing leadership with Mercer’s risk and investment solutions, including recent roles as our US Defined Benefit (DB) Risk Leader and Philadelphia office business leader for retirement. Matt reports to Scott Jarboe, head of Mercer’s US DB Segment.
“Our team also welcomes Jay Dinunzio, and we eagerly anticipate the depth and breadth of expertise Jay will bring to his role. Jay is a proven leader in the pension risk transfer space, successfully executing over 100 transactions working directly with plan sponsors and independent fiduciaries” said Jarboe.
Jay Dinunzio has been appointed as Principal with Mercer’s FSG team. Mr. Dinunzio’s responsibilities include focusing on growth and execution within Mercer’s annuity buyout business. Mr. Dinunzio reports to Matt McDaniel, leader of FSG.
Mr. Dinunzio comes to Mercer with nearly 20 years of experience navigating strategic and tactical aspects of insurance based pension risk transfer (PRT) transactions. Previously, Mr. Dinunzio worked at a leading national retirement consulting firm, within the annuity consulting practice. Prior to that, he worked within the PRT business units for two different life insurance companies.
The Financial Strategy Group is a multi-disciplinary team of risk management specialists including investment specialists, actuaries and others. The FSG provides advice on the complete spectrum of risk management and mitigation solutions, ranging from liability-driven investment strategies to solutions utilizing transfer of risk to third parties or creating downside protection. Over the past two years, the FSG has led over 400 projects to help plan sponsors manage their risk, and have placed over $18 billion of liabilities with insurers,
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 60,000 colleagues and annual revenue over $13 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.