Mercer today announced the addition of three new members to its Australian entity boards, including two new independent Non-Executive Directors. The appointments increase diversity on the Boards and add essential experience to help enable future business success, according to Mercer.
Melissa Babbage has joined the Mercer Investments (Australia) Limited (MIAL) Board, and Jan Swinhoe has joined the MIAL board and the Mercer Superannuation (Australia) Limited (MSAL) Board.
As Non-Executive Directors, Babbage and Swinhoe will work with the existing directors to contribute to the development of strategy, monitor executive activity, ensure the robustness of financial controls and risk management systems and to oversee ongoing compliance with the relevant laws and licensing requirements.
David Anderson, Managing Director & Pacific Market Leader of Mercer said “In addition to their professional director experience, Melissa and Jan bring important capabilities and career experiences to Mercer which were identified as essential for our future growth and success.”
“Melissa enjoyed a successful executive career in financial markets trading with Deutsche Bank and Bankers Trust and has gained valuable experience through her board positions with Swiss Re, Q Super, Athletics Australia and St Vincent’s Health.”
“Jan had a successful executive career in banking, capital markets and life insurance with Westpac, BT Financial Group, County NatWest, Citigroup and Mercantile Mutual. She has gained valuable experience through her board positions with Australian Philanthropic Services, Suncorp Group and Fusion Retail Brands.”
“Melissa and Jan bring a fresh perspective on the Mercer business and the marketplace in Australia which will be very helpful as we review our strategy plan and execute for the future. Their appointments take both the MIAL and MSAL boards to a majority of independent Non-Executive directors,” said Mr Anderson.
Further to this, Michele Glover has joined the Mercer (Australia) Pty Ltd (MAPL) board, given her executive role as Mercer’s Human Resources Leader for the Pacific and her instrumental role in helping to enable the workforce to achieve future business success.
“We recognise the importance of board renewal in maintaining a balance of experience, skills, independence and fresh insights, and we regularly consider the composition of our boards and committees.
“Mercer is determined to maintain the highest standards of corporate governance. In addition to the strong capabilities, experience and achievements of our existing directors and boards, Melissa, Jan and Michele will provide the critical capabilities and professional experiences we need to succeed, now and in the future,” said Mr Anderson.
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