UK - European partner John Exley has left Mercer Investment Consulting for Barclays Capital.
Exley, who had been with Mercer for 19 years after joining as a trainee, joins Barclays as a director in its London insurance and pension solutions team.
Andrew Kirton, head of UK investment consulting at Mercer, said Exley spent the last 10 years working within investment consulting and pioneered much academic research on the application of financial theory for pension funds.
“That work has proved to be very important in fostering much more of a liability-led approach to investment,” Kirton said.
“Mercer is very sad to see him go, although we wish him well. John’s acquired over the years a lot of knowledge and expertise in the bond side of pension fund investment… I think most people will say John would have been a very obvious candidate, should he decide to do something slightly different, to be picked up by an investment bank.”
Kirton said Exley’s responsibilities had been split among a number of Mercer’s team.
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