Mercer Wealth Solutions (MWS) has installed David Anderson at the helm, replacing Anthony Lowe who left in December.
At the time of his departure, Lowe said there had “;been a few changes at Mercer”; and deferred to chief executive Peter Promnitz for comment, however Promnitz has been unavailable for comment on the issue. A spokeswoman for Mercer denied there had been a restructure of MWS, saying the replacement was part of the “natural attrition” that occurs in companies. Anderson, formerly a business leader within MWS, now heads the group overseeing Mercer Super Trust and Mercer Portfolio Services in addition to HR services. Meanwhile Mercer Human Resource Consulting has hired a new head of sales and marketing, David Christensen, citing his strategic business and marketing consultancy work with Gravitas Partnership in Hong Kong as the impetus behind the appointment. Christensen, who replaces Stephen Supple, will co-ordinate direct sales to current and new clients and co-ordinate Mercer’s sales functions across all business areas. Elsewhere, Mercer’s new head of Australian equities research is Marianne Feeley, replacing Nerida Law who left Mercer for HSBC Asset Management in late October 2006.
The brunt of losses from the LA wildfires are expected to be borne by primary insurers and high-risk reinsurance programs, but super funds are nevertheless closely monitoring the possible impact of the fires on catastrophe bond and insurance-linked securities exposures.
Simon HoyleJanuary 17, 2025
