Mercer has appointed Edmund Teo to lead Mercer’s Wealth Management team, which provides research, advisory and portfolio management services to Asian-based private banks, insurance companies, consumer banks, financial planning organisations and platforms. Pierre DeGagne has also been appointed to support Mr Teo as the company continues to grow its investment capabilities in this region. Both will be supported by a 17-strong team, all based in Singapore.
Mr Teo joins Mercer as Director of Wealth Management, Asia, bringing over 20 years of experience in the financial services sector. Prior to joining Mercer, he was Regional Director at Russell Investments advising and structuring investment solutions on a wide range of investment activities. He also held senior client-facing positions at First State Investments, UOB Asset Management and other financial institutions. Mr Teo reports directly to Cara Williams, Mercer’s Global Head of Wealth Management in London.
Mr DeGagne joins as a Principal Consultant in Mercer’s Asia Wealth Management team. He is responsible for providing investment advice and solutions to wealth management companies. He will also be actively involved in financial product risks and assessment. Prior to joining Mercer, Mr DeGagne was head of Funds Select at Standard Chartered Bank PLC, responsible globally for the offshore mutual fund strategy and research for both the private banking and retail businesses.
“These two senior appointments will play a pivotal role in both Mercer’s global and regional strategies, in particular developing wealth management solutions that are second to none,” said Stephen Roberts, Mercer’s Regional Business Leader, Investments, Asia Pacific.
“Mercer’s strategy is to help clients around the world advance the health, wealth and performance of their most vital asset – their people,” Mr Roberts said. “In Asia Pacific, Edmund and Pierre will take our already well-established and very successful wealth management offering beyond ASEAN to the rest of the Asia region. They will also be partnering with a platform or virtual platform provider to offer superior governance advice, portfolio construction, investment management and monitoring to banks, family offices, high-net worth individuals and intermediaries. I am thrilled that we can now take this to the next level with such high-calibre and experienced individuals, complementing our unparalleled continuum of investment services,” Mr Roberts added.
Reinforcing these views, Cara Williams, Mercer’s London-based Global Head of Wealth Management commented, “Asia is a region of tremendous opportunities and these new hires form part of Mercer's global strategy. They strengthen our high-performance wealth management advisory business and clearly demonstrate Mercer’s continued commitment to delivering the highest institutional quality investment tools, research, advice and implemented solutions.”
|
