Mercer makes appointments following JLT acquisition

Mercer makes appointments following JLT acquisition

Mercer has announced a series of appointments following the acquisition of JLT.

Mercer’s parent company, Marsh & McLennan Companies, agreed to acquire JLT late last year. The new appointments span across the UK and Europe and will become effective on closing of the transaction.

David Anderson, president of international at Mercer, said: “By combining Mercer and JLT talent and capabilities, we will build on our shared value of putting clients and our people at the heart of everything we do.”

“These new leaders will bring considerable knowledge and experience of the JLT business, its clients and people, to our already strong leadership teams. Together they will be core to ensuring the successful integration of our combined businesses. Pending the outcome of the regulatory process, we look forward to welcoming our new colleagues to the Mercer team.”

Mercer UK Wealth

Additions to the existing UK wealth leadership team, led by Benoit Hudon, include:

  • Karen Phillips, managing director of wealth management at JLT, will become head of Mercer’s UK financial planning business, focusing on growing the combined financial planning businesses to meet ever increasing needs for financial advice.
  • Malcolm Reynolds, managing director of JLT UK Administration Services, will become client leader for Mercer’s UK administration services and will work alongside Rich Tuff, UK and Ireland administration leader, to combine the two administration capabilities.
  • Steven Robinson, managing director of trustee and corporate consulting at JLT, will lead the mid-market segment for Mercer’s UK wealth business. Robinson will also be responsible for developing the overall offering, including insured defined benefit arrangements, for the combined organisation in the UK.

Mercer Delegated Solutions—Europe

Mark McNulty, managing director of investment solutions at JLT, will take on the role of European head of clients for Mercer’s delegated solutions business.

In this new role, McNulty will be responsible for developing Mercer’s client strategy, overall client management and servicing for its expanding delegated solutions client base across Europe. He will report to Mick Dempsey, international commercial leader for delegated solutions.

Mercer UK Technology

Teresa Beach, currently managing director of JLT Technology Solutions and a member of the Mercer/JLT integration team, will continue to lead UK technology solutions, reporting to Bala Viswanathan, who will become Mercer’s chief operating officer. Beach will also provide ongoing senior leadership support on the overall integration of the firms.