Stephen Roberts, the BT and Russell institutional business veteran last spotted briefly on the van Eyk board, will resurface in a major role at a different asset consultant.
Roberts will join Mercer, in a role understood to be running institutional business development for Mercer’s multimanager business, Mercer Global Investments, across the Asia-Pacific region.
Roberts will join several other top Mercer executives whose roles have been recalibrated for greater attention on the boom markets to Australia’s north.
Last week, Australasia investment consulting chief Simon Eagleton was promoted to running Mercer’s Asia-Pacific practice, and he will relocate to Singapore later in the year. Eagleton succeeds Tony Cole, who after fourteen years with Mercer is stepping back from day-to-day management responsibiliites, but will focus on consulting for two pivotal Asian clients, as well as representing Mercer to governments, sovereign wealth funds and other agencies in the Asia-Pacific.
He remains on Mercer’s globl Investment Consulting leadership Team, which Eagleton will also now join.
Meanwhile Anthony Lane, regional chief operating officer for investment consulting in Asia Pacific, will run Mercer’s global manager research boutiques, which drill deeper into the equity, fixed income, alternative and real estate investment universes, helping clients design bespoke mandates and assessing innovative and niche products. Lane takes over from Jeff Schutes, the leader of the US investment consulting business.
“Asia Pacific is of particular interest to us, given the wealth of professional and private investors and growing savings pools. This realignment of responsibilities comes at an important time as we continue to build on our presence in growth markets within Asia and reinforce our leadership position in the region,” said Peter Promnitz, regional Head of Mercer Asia Pacific.
Mercer executives were unavailable before presstime for comment on Roberts’ appointment.