POWERED BY MOMENTUM MEDIA
Mercer promotes Asia Pacific CIO to new role
Mercer has created the new role of global chief investment officer for mainstream assets in response to the expansion of its investment management business. Russell Clarke, the current Asia Pacific CIO, will take on the new role with responsibility for decisions concerning traditional asset classes like equities, property, fixed interest and multi-asset portfolios.
Replacing Clarke will be senior portfolio manager Andrew Howard, while senior portfolio strategist Phil Graham will become deputy CIO for Asia Pacific. Staff hires are planned over the coming months to fill the vacancies resulting from these internal promotions.
Clarke will now report to Mercer’s London-based global CIO, Andrew Kirkton, while regional CIOs across the globe will report to him.
Clarke said he will transfer his responsibilities to Howard in a phased process to ensure continuity and a smooth transition.
Mercer’s investment management business leader for Asia Pacific said local investment management clients would benefit from Clarke’s move to the new global role, as it would enable even stronger advocacy of local issues at the highest levels within Mercer internationally.
AUTHOR
Ashleigh McIntyre
Recommended for you
The central bank has served up a disappointment for punters on Melbourne Cup Day.
The superannuation industry will be judged by its member services rather than how effectively it accumulates wealth, according to Stephen Jones.
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
