Mercer Wealth Solutions boss departs

The head of Mercer Wealth Solutions, Anthony Lowe, has departed the organisation after a restructure.

Lowe, who ran Mercer’s retail conduit for two years as part of eight years with the firm, said he planned to take some time off, then consider “;various opportunities”; to return to the industry next year. He said there were “;a few changes going on at Mercer Investment Consulting”; and deferred to chief executive Peter Promnitz, who has been unavailable for comment since the middle of last week. Lowe’s role, which oversees the Mercer Super Trust and Mercer Portfolio Service, is not the only current major vacancy at the group. There is no word on a replacement for the head of Australian equities research, Nerida Law, who left for HSBC Asset Management in Hong Kong at the end of October.

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‘It’s crazy’: More gold than bonds in super portfolios as funds rethink defensive plays

The shifting global economic landscape and its impact on currency markets are forcing asset owners to re-think the defensive portion of portfolios as traditional hedging techniques become less effective and new ones emerge. The Fiduciary Investors Symposium heard that for one fund that’s led to gold overtaking government bond allocations.

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