Lounarda David, partner and long-standing regional director of Mercer Sentinel in the Asia-Pacific, will leave the investment operations consultancy in late April.David’s exit, which follows 13 years at Mercer Sentinel, was announced to staff on Monday. Stephen Roberts, Asia-Pacific business leader for investment management at Mercer, said David is leaving for personal reasons.
“She’s taking a well-earned break from corporate life,” Roberts said in an interview on Monday 19 March. “We’re in the process of telling clients.”
Mercer Sentinel advises on up to $200 billion managed by more than 50 clients, including superannuation funds and investment managers, Roberts said.
A replacement for David will be sought within the business and through an external search, Roberts said.
She joined the custody consultancy in 1998 from State Street with Drew Vaughan, who left in 2005 and is now a principal at boutique consultancy Dymonds, Foulds & Vaughan. David oversaw Mercer Sentinel’s expansion into provide foreign exchange, operational risk assessment and securities lending services.
“She’s got strong business skills, strong relationship skills, is a very good technocrat in custody and administration, and was very good at building a team in Australia and the Asia-Pacific,” Roberts said.