Mercer has expanded its Alternatives investment capability with the hire of Toby Buscombe. Toby’s appointment will add to the already deep experience of Mercer’s 18-strong team of infrastructure professionals globally.
Toby will join Mercer’s global infrastructure investment team later this year, after more than a decade with Access Capital Advisers, most recently as a Partner leading Access’ European Infrastructure Group. Toby comes to Mercer as a seasoned, high-calibre, professional with more than a decade of experience investing in infrastructure. Over this period he was involved in multiple large scale infrastructure investments, in both an acquisition and ongoing asset management capacity, helping clients invest directly, globally.
Graeme Mather, Business Leader for Mercer’s investment consulting business in Australia and New Zealand, said, “We recognise the growing desire of superannuation and pension funds worldwide to invest directly in infrastructure. This was a driver in hiring Karen Chester from Access six months ago. Now we’re pleased to announce Toby’s appointment which will enable Mercer to capitalise on their history of collaboration and professional rapport to serve our clients.”
“Toby’s client-first approach and the integrity of his work will benefit our clients globally, but specifically in Asia, Australia and New Zealand where we are seeing an active appetite for custom-built infrastructure portfolios and we expect this to expand.”
“We believe we’ve got a fresh and second-to-none infrastructure investment advisory capability based on our depth of specialist expertise coupled with our independence. To date, our infrastructure team has collectively been involved in advising clients on over 70 unlisted infrastructure assets globally,” said Mr Mather.
Investing in Infrastructure
Mercer has deep, global and local expertise in advising clients on investing in alternatives, including infrastructure. Mercer has been providing infrastructure investment advice services to institutional investors globally for well over a decade.
Mercer helps investors leverage opportunities in unlisted infrastructure through providing manager research, review and selection, portfolio construction advice and multi-manager investment products. Mercer has expanded its infrastructure advice offering to assist clients of appropriate size and capacity to realise the benefits of investing directly in infrastructure.
The characteristics of unlisted infrastructure are well suited to long-term investors such as superannuation and pension funds and endowments. This is due to their low correlation to economic cycles and to other traditional asset classes, as well as their ability to generate stable long-term cash flows. In addition, a well-formulated infrastructure portfolio may lend inflation proofing qualities to an investor’s overall portfolio.
Mercer is a global 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 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. Follow Mercer on Twitter @MercerAU @MercerInsights