Australia, 28 January, 2021 – Mercer has today announced the appointment of Tim Barber as Mercer Super Leader. Tim has been charged with driving growth of Mercer’s flagship product, Mercer Super Trust, strengthening the fund’s competitive position in the market and delivering better outcomes for members.
David Bryant, Mercer Australia’s CEO, said Mercer Super would further cement itself as a high value provider of superannuation under Mr Barber’s leadership.
“Tim has proven success in developing and executing robust strategies that deliver meaningful results, and leading high-performing teams. His experience planning and delivering growth plans will enable us to achieve our aspirations of increasing our market share and continuing to improve our proposition to the market,” Mr Bryant said.
“Above all, his member-first mindset makes him a perfect cultural fit for Mercer. While we’ve recently announced a series of improvements to our pricing and products, we won’t stop there. Under Tim’s direction, we’ll continue to deliver improved and sustainable value to members and clients,” he continued.
Mr Barber joins Mercer from Australian Unity, where he has held the role of CEO for Australian Unity Bank for the past three years. Prior to that role he was the Chief Operating Officer and Chief Financial Officer of Australian Unity’s Wealth business. He was also previously a partner at Ernst & Young, focussing on the financial services industry.
“It’s an exciting time for our superannuation business. Globally, we’ve recently reached $321.4 billion USD in assets under management giving Mercer Super members enormous advantage when it comes to scale and investment performance,” said Mr Bryant.
“Locally, our sector is being continuously challenged, and we have the brightest minds in the industry to embrace the changes while keeping our focus on what we do best – growing retirement outcomes for our clients and their members. I’m confident that Tim is the right person to take Mercer Super from strength to strength.”
Mr Barber said Mercer Super’s one-of-a-kind offering positioned the fund well to deliver on the needs of clients and members, especially through the sector’s seismic changes.
“What drew me to Mercer was its unique set of strengths, from its best-in-class products to research capabilities, global scale, independence and thought leaders who have played a significant role in shaping the superannuation sector,” said Mr Barber.
“Mercer’s purpose – making a difference in people’s lives – personally resonates with me and how I approach leading a business. I’m looking forward to helping Mercer Super further leverage these strengths and make a difference to our clients and members. We have a great business at Mercer, and I look forward to collaborating with all our teams to bring more of Mercer to our clients as a valued partner to their businesses,” he said.
Mark Thompson, who is Acting Mercer Super Leader and has been covering two roles within Mercer Australia over the past 15 months, will continue his responsibilities to drive strategic sales for Mercer Super.
Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 76,000 colleagues and annual revenue of USD $17 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com.au. Follow Mercer on Twitter or LinkedIn.