Mercer backs wealth management consulting with appointment

Mercer backs wealth management consulting with appointment

Mercer backs wealth management consulting with new senior appointment

  • 2 August 2011
  • Australia, Melbourne

Mercer has appointed Cara Williams as the Global Head of its Wealth Management Consulting service. The appointment confirms Mercer’s commitment to further expand the provision of its investment services and solutions to the wealth management industry both in Australia and globally.

Ms Williams, who will continue to be based in London, has been the Global Chief Operating officer within Mercer’s Investment Consulting business for the last six years. Her responsibilities included managing the day-to-day operations, budgets and business strategy. Prior to joining Mercer, Ms Williams worked in business development and client management roles at Merrill Lynch and CDC Investment Management Corp.

The new appointment follows significant client expansion and business growth in Australia. Among a spate of recent business wins and contract renewals Risk and Investment Advisors Australia P/L (RIAA) and Lifespan Financial Planning both appointed Mercer’s Wealth Management Consulting team to support their high net worth client investment propositions.

Grant Scalmer, Managing Director of RIAA said their decision to appoint Mercer was based on the company’s recognised institutional-strength expertise in global manager research and the capacity to identify leading-edge investment solutions for clients.

John Ardino, Joint CEO of Lifespan stated: “I was very impressed with the quality of Mercer’s strategic research, which I checked going back over a few years. I expect that Mercer’s extensive manager and strategic research backed by a very large team of professionals in many countries will provide solid advantages for our Investment Review Committee and for our network of advisers both in terms of new opportunities and also risk management”.

Brian Long, Mercer’s Head of Wealth Management Consulting in Australia and New Zealand said the company’s Wealth Management consulting service offering is rapidly developing as a significant part of Mercer's Investments business in Australia and New Zealand.

“We are in a unique position to provide clients with expertise across the globe, drawing on an array of resources to help us understand how both local and international funds operate and perform.  The appointment of Cara Williams and recent client growth has allowed Mercer to consolidate our presence as an adviser to the wealth management industry and to provide varied and comprehensive solutions for a broad range of clients,” said Mr Long.

About Mercer

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