Mercer, the world’s leading consultancy in talent, health, retirement and investments, and a wholly-owned subsidiary of Marsh & McLennan Companies (MMC), announced today that in line with continued growth in its Employee Health and Benefits (EH&B) business, it is boosting its regional team based in Singapore with three senior appointments in its Mercer Marsh Benefits™ (MMB) business :--
- Michel Faucher is named Mercer Marsh Benefits Growth Markets Region Business Leader
- Samuel Berry is named Mercer Marsh Benefits Singapore Leader
- Loo Kim Teh joins the Mercer Marsh Benefits Singapore team as Placement Leader
Commenting on the appointments, Gaurav D. Garg, Region President, Growth Markets, Mercer, said, "We are cementing Mercer’s leadership position in the important EH&B market with these experienced, proven executives. Between them, they bring more than 70 years of international experience in business strategy and development, underwriting, actuarial skills, client and product development, much of it in Asia."
"As Singapore becomes an increasingly important hub for multi-national corporations and trans-Asia regionals, we want to provide world class competitive EH&B programs and products for our clients," Mr Garg said. "Over the past months, the EH&B business has made a significant investment to lay a stronger foundation to grow profitably, such as enhancing operational efficiencies and customer experience/reporting. These senior appointments are another important step in demonstrating our commitment to clients," he added.
Jacques Goulet, President, Retirement, Health, and Benefits, Mercer, said, "Increasingly, in markets around the world, individuals are being asked to take more responsibility for decisions that affect their benefits and their career. Organizations are moving away from fixed benefit packages where one program is forced on all. Our clients are asking Mercer Marsh Benefits for advice and operational support to ensure their employee programs are effective."
As the Mercer Marsh Benefits Growth Markets Region Business Leader to be based in Singapore, Michel Faucher is responsible for setting Employee Health and Benefits regional business strategy and direction, developing effective solutions for existing markets and opening new ones, while improving the efficiency of client service delivery in the AMEA Region.
Mr Faucher joins Mercer Marsh Benefits from American International Group (AIG) in London, where he most recently held the position of Director of Consumer Lines UK, leading the Accident & Health (A&H), Consumer Marketing, Private Client Group, and Service Program operations. Over a 24-year career with AIG, he also served as the UK A&H Leader, Senior VP of A&H for Europe, and Regional VP of the Mediterranean, Middle East, and South Asia Region and for the US Mid-Atlantic Region.
"I am excited to be joining such a dynamic, talented team in this growing business and I look forward to working together with them to provide Mercer Marsh Benefits clients with best-in-class service and products in EH&B programs," said Mr Faucher.
Mr Faucher is a member of the Global EH&B Leadership and Growth Markets Leadership teams and reports to Gaurav D. Garg and Jacques Goulet. His appointment was effective on 2 September 2014.
Samuel Berry is named Mercer Marsh Benefits Singapore Leader with responsibility for strengthening the MMB value proposition and market leadership position, further developing the team’s capability and ensuring operational excellence. He joins with effect from 10 November 2014.
Mr Berry has more than 25 years of accident and health underwriting, and claims experience from senior industry roles covering Asia Pacific, the US, Latin America, the Caribbean, Europe and the Middle East, most recently as the Chief Underwriting & Claims Officer Asia Pacific Middle East Region at Zurich Life Insurance, which he joined in 2008. Prior to that, he held various positions with American United Life Reinsurance and AIG based in Hong Kong and the US, where he was responsible for product development including underwriting rules and guidelines, strategic planning, training, overseeing distributors and establishing greenfield operations.
Mr Berry will report to Charlotte Park, Managing Director and Partner, Mercer Singapore, as well as Rose Kwan, Partner, ASEAN Business Leader, Mercer Marsh Benefits.
Loo Kim Teh joins the Mercer Marsh Benefits Singapore team as Placement Leader, and will be responsible for maximizing the best placement solutions for clients. He will represent all areas of placement and insurer engagement in order to ensure best in class delivery to clients. He was previously at Aviva based in Singapore. Mr Teh reports to Sam Berry and his appointment became effective on 27 August 2014.
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance 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 team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 55,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a global leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @MercerInsights.