Mercer Announces Senior Appointments to Emphasize Investment and Retirement Opportunities in Europe and Growth Markets
24 6월 2013 - 10:00PM
Business Wire
Mercer today announced three senior-level appointments to align
its Investments and Retirement organizations to take advantage of
opportunities and provide for leadership continuity in Europe and
in the Growth Markets.
- Andrew Kirton has been appointed head
of Mercer’s Investments business in Europe, succeeding Tom
Geraghty, who, as previously announced, has assumed the post of
market leader and CEO for Ireland.
- Jeff Schutes has been appointed head of
Mercer’s Investments business in the Growth Markets, a newly
created position, which includes Asia, Middle East and Turkey,
Africa, and Latin America.
- Akhil Sethi has been appointed head of
Mercer’s Retirement business in the Growth Markets, a newly created
position
“We are pleased to fill these important positions with senior
leaders who have a track record of success at Mercer and have deep
understanding of the growth dynamics of their markets,” said Julio
A. Portalatin, President and CEO of Mercer. “One of our objectives
is to rotate responsibilities in order to expand the breadth of our
leaders’ expertise and to gain the benefit of cross-fertilization
of experience across investment disciplines. The appointment of
Andrew as head of Mercer’s Investments business in Europe assigns
one of our most experienced executives to this important market.
The newly created roles for Jeff and Akhil reflect our commitment
to invest in and maximize our opportunities in the Growth
Markets.”
Despite all the Euro-crisis news, Mercer's European Investments
business continues to grow and prosper and is now larger than
Mercer's total global Investments business in 2006. The trajectory
of Mercer's business in the Growth Markets is very strong, and this
area is strategically important to the planned expansion of
Mercer’s global Investments business.
“These appointments reinforce Mercer’s commitment to ensure that
we understand individual client needs, reflect local market
dynamics, and tailor our global capabilities to arrive at the best
solution for the specific circumstances,” said Phil de Cristo,
President of Investments at Mercer. “Client needs are changing as a
result of global market trends, including market volatility and the
demand for stronger governance models. Many clients have been
attracted to Mercer because our delegated solutions allow them to
leverage our global investment research and portfolio
implementation to complement their in-house staff and investment
committee structures. Mercer can tailor these capabilities to the
specific challenges faced by our clients based in Europe as well as
to the special dynamics at play in the Growth Markets. “
All three individuals are experienced professionals who have
successfully held a number of leadership positions at Mercer and
who can draw upon an impressive breadth of knowledge in their new
roles.
Andrew Kirton joined Mercer in 1998, has more than 25 years’
experience in the investment consulting industry, and, since 2010,
has been Mercer’s Global Chief Investment Officer. Previously, he
held head of business positions for the global and European
Investment Consulting business.
Jeff Schutes has held a number of senior leadership positions
since he joined Mercer in 1995, most recently serving as Global
Leader of Manager Research and head of Mercer’s Latin America
Investments business. He previously led Mercer’s US Investment
Consulting business.
Akhil Sethi joined Mercer in 1987 and most recently was Global
Chief Operating Officer for Mercer’s Retirement business. He has
held a number of key positions for Mercer in New York, London and
Singapore, including serving as CFO for Mercer Asia and CFO for
Mercer Europe.
About Mercer
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. For more information, visit www.mercer.com. Follow
Mercer on Twitter @MercerInsights.
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