Mercer has appointed Edmund Teo to lead its Wealth Management team, which provides research, advisory and portfolio management services to Asian-based private banks, insurance companies, consumer banks, financial planning organizations and platforms.
Pierre DeGagne has also been appointed to support Teo as part of the firms plan to grow its investment capabilities in this region. The two will be supported by a team of 17 based in Singapore.
Prior to joining Mercer, Teo was regional director at Russell Investments advising and structuring investment solutions on a wide range of investment activities. He has also held senior roles at First State Investments, UOB Asset Management and other financial institutions. Teo reports to Cara Williams, Mercers global head of Wealth Management in London.
DeGagne previously 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 Mercers global and regional strategies, in particular developing wealth management solutions that are second to none, says Stephen Roberts, Mercers Regional Business Leader, Investments, Asia Pacific.
Williams adds: 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 Mercers continued commitment to delivering the highest institutional quality investment tools, research, advice and implemented solutions.
(CG)