GLOBAL - Mercer has reshuffled its top ranks and moved Andrew Kirton to the new role of global chief investment officer.
Kirton, currently head of investment consulting at Mercer, will continue to be based in London, and report to Phil de Cristo, president and group executive of investments.
"In this role, building upon his many years of experience as a business and industry leader in investment consulting, Kirton will ensure that Mercer's strategic intellectual capital, manager research and portfolio management, which will report to Kirton, are aligned to deliver world class investment solutions to clients," Mercer said in a release.
His is one of five new appointments Mercer announced today.
The firm said the changes in its investments and retirement, risk and finance businesses were done to "position the firm for growth and to better serve clients in a changing marketplace".
Asghar Alam, formerly US regional business leader for retirement, risk and finance, will replace Kirton as global head of investment consulting. He is based in New York and also reports to de Cristo.
Jacques Goulet, currently regional business leader for Europe Middle East and Africa for the retirement risk and finance business, will replace Alam. Goulet, currently based in Geneva, will move to the US and report to Simon O'Regan, president of the retirement, risk and finance business.
Gilles Beneplanc, region leader for EMEA will take on Goulet's responsibilities from Paris until a replacement is found.
Finally, Mercer's general counsel David Goldenberg, will move to the investment side as global head of solutions management.
"As the Investment business expands into different market segments and geographies, Mercer's investment offerings are growing in number and complexity. Goldenberg will lead a solutions development and management function that will provide oversight to all investment-related solutions that Mercer offers to clients. He will also play a strategic role, working with the business to shape future growth plans," Mercer said. His replacement will be announced in due course.
"Mercer is committed to providing a broad suite of investment solutions as clients face increasingly complex changes in a global, rapidly changing investment environment," said M. Michele Burns, chairman and CEO of Mercer. "To that end, Mercer is committed to demonstrating global leadership in investment intellectual capital, manager research and multi-manager investment solutions and to integrate the firm's expertise to solve our clients' most pressing issues."
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