Tom Geraghty has been appointed Mercer’s Market Leader and CEO in Ireland and Country Corporate Officer of Mercer’s parent company, Marsh & McLennan Companies in Ireland, it was announced today. He succeeds Paul O’Faherty who is retiring. These appointments are effective July 1.
Mr. Geraghty, who joined Mercer in 2000, most recently has headed Mercer's Investments business in Europe. In that role he was responsible for helping Mercer achieve sustained industry leadership as the largest investment advisor in the region as well as building Mercer’s Fiduciary Management business into a top industry player.
“Ireland is a very important market for Mercer and I am pleased that this planned succession retains the continuity of senior leadership with a deep knowledge of the needs of our Irish clients,” said Simon O’Regan, President of the EuroPac Region for Mercer. “Tom not only brings to this position his investments knowledge, but can provide leadership to assist our clients on the broader issues faced by Human Resources and Finance Directors regarding human capital and benefit strategies.”
Mr. O’Regan said, “I also want to thank Paul O’Faherty who has had a long and distinguished leadership role. He has contributed much to our success in Ireland. Since Mercer acquired Paul’s local Irish firm in 1992, he has been a leader in the growth of our business and contributed his intellectual insights through the Society of Actuaries in Ireland, the Irish Assn. of Pension Funds, and the European Federation for Retirement Provision. We wish him well in retirement.”
Mercer announced that Andrew Kirton has been appointed to succeed Mr. Geraghty as head of Mercer’s Investments business in Europe.
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 20,000 employees are based in more than 40 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 53,000 employees worldwide and annual revenue exceeding $10 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.
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