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.

 

Simon Mumme became a fnancial journalist through a stroke of luck. Upon graduating with a Master of Journalism from The University of Queensland in 2006, he set out to fnd a news organisation that would employ him as an overseas correspondent or business reporter. Or both, ideally. Conexus Financial hired the bright-eyed cadet, and in the ensuing years he wrote for all of its titles until being appointed editor of Investment Magazine in June 2010. Under his guidance, the magazine continues to dominate the Australian institutional investment media through its authoritative, insightful and engaging feature stories and analysis. Outside of work, Simon trains keenly in Muay Thai kickboxing, revels in the surf breaks fringing the Sydney coastline and reads as much high-quality journalism and non-fiction writing as he can. Committed to his role as a niche business reporter, Simon is aware that an overseas posting as a correspondent still eludes him. He hopes Conexus can help him with that career goal too.
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