ASIA - Mercer has restructured its Asian team to capture growth opportunities in the region.
Tony Cole will step down from his position as Asia Pacific investment consulting regional business leader to take on a much broader ambassadorial position. His new role will be centred on key client consulting, intellectual capital thought leadership and representing Mercer with governments and other key agencies, Mercer said in a release. He has worked for Mercer in the Asia Pacific region for 14 years.
He will be replaced by Simon Eagleton, who has served as the investment consulting business leader for Australia/New Zealand for the last four years. Eagleton will retain the business leadership role in Australia/New Zealand for the immediate future and will relocate to Singapore later this year.
Andrew Kirton, global head of Mercer Investment Consulting business, said: "Asia Pacific is of particular interest to us, given the wealth of professional and private investors and growing savings pools."
In another appointment, regional chief operating officer for investment consulting in Asia Pacific Anthony Lane will assume the role of leader of Mercer's global manager research boutiques business, set up last year.
Lane assumes the role from Jeff Schutes, Head of Mercer's US Investment Consulting business.
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.