Mercer has made significant changes to how its multi-manager investment portfolio suite in Australia and New Zealand is managed. The changes reposition Mercer Funds for the future through enhanced decision-making processes around portfolio construction and promote a more rapid market-aware approach, reflecting the growing importance of the individual consumer in retirement savings markets.
As part of the changes, Russell Clarke will assume the role of Chief Investment Officer, Pacific. Russell will return to Australia after two years in Mercer’s London office. He will continue to maintain his global thought leadership responsibilities for the management of Mercer’s Mainstream Asset portfolios. Russell will return to Mercer’s Melbourne office in late 2013 but will spend extended periods in Australia throughout the second half of 2013.
“Russell is a seasoned and highly respected investment professional whose global experience and insights will position Mercer’s Australian and New Zealand investment portfolios for sustained strong performance outcomes,” said Mr Simon Eagleton, Leader of Mercer’s Investments Business for the Pacific.
David Stuart has been named Chief Strategist for Mercer Funds in the Pacific market, extending his current Dynamic Asset Allocation (DAA) team leadership role. Dave will take explicit responsibility for the asset allocation positioning for Mercer’s multi-asset class diversified fund range.
Nick White’s current Director of Consulting role will also be extended to cover strategic policy decisions for the Mercer Fund suite in the Pacific market, a formalisation of current practice. This will ensure Mercer multi-manager products explicitly reflect the very best of Mercer’s global strategic thinking.
“The new role of Chief Strategist and the explicit role of our Director of Consulting in portfolio construction decisions will encourage a more consistent approach to how our best ideas flow to all of our clients,” said Mr Eagleton.
Separately, Andrew Howard, Asia Pacific CIO, has resigned from Mercer to pursue a new opportunity in the funds management industry.
“Andrew Howard has made an excellent contribution to Mercer during his nine years here and we wish him all the very best in the future,” said Mr Eagleton.
“Mercer’s scale and depth of resources enable us to continuously seek new opportunities to diversify our portfolios, for example we were among the first providers to offer multi-manager emerging market debt to our investor clients.
“We are positioned well for growth and we will continue to service our clients with innovative and ‘future-focused’ investment solutions.
These changes reflect a strengthened approach to the management of Mercer’s investment portfolios in the Pacific and under Russell Clarke’s leadership, Dave Stuart and Nick White will work closely with the portfolio management team to drive successful performance outcomes for our clients, both in terms of consistent alpha generation and competitive results,” said Simon.
Mercer partners with eight out of 10 of the world’s largest investors and manages $77 billion of assets globally. Fifteen of the 20 largest institutional investors in Australia work with Mercer’s Investments business in some way; whether accessing its global manager research and asset class expertise, asset allocation advice, or seeking our help to manage investment operational or ESG risks.
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