ITALY - Mercer Investment Consulting has made the first of "several" appointments with Nicola Carcano joining as head of Mercer IC in Italy, as the firm seeks to tap growing institutional opportunities in the market.
The country saw significant pension reform passed by the government last year - due to come into effect in 2008 - and a Mercer spokesperson said: "We expect to see more opportunities for investment consulting in the region from next year."
The spokesperson also said the institutional asset management market in the region had matured.
Mercer confirmed Carcano's appointment was the first of "several" planned. "We are still in the business planning stage, so as yet we have not got a definite number," the spokesperson explained.
Carcano joined Mercer from BSU, where he was head of institutional asset management and banking relationships.
Carcano described the Italian market as a "very interesting" one for the firm, with "many exciting opportunities".
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