Mercer has appointed Cara Williams as Global Head of its Wealth Management business. The appointment confirms Mercer's commitment to further expanding the provision of its investment services and solutions to the wealth management industry. Ms. Williams will also continue in her role as Global Head of Technology Solutions operating from Mercer's office in London.
Phil de Cristo, President and Group Executive for Mercer's Investment businesses, said, "Wealth Management is rapidly becoming a significant part of Mercer's Investment business and the expansion of this exciting business area is fundamental to our stated objective to diversify. I am pleased that Cara Williams has accepted this newly created position - she will bring the qualities needed to accelerate the growth of our wealth management business."
For the last six years, Ms. Williams has been the Global Chief Operating Officer for Mercer's Investment Consulting business with responsibility for managing its day-to-day operations, budgets and business strategy. Prior to joining Mercer, Ms. Williams worked in business development and client management roles at Merrill Lynch and CDC Investment Management Corp. She began her financial career as a Financial Advisor at Merrill Lynch in New York.
Mercer's wealth management offering is directed at wealth managers, banks, family offices, fund platforms and insurance companies, providing advice, research and implemented solutions to a prestige portfolio of clients around the world.
Ms. Williams commented, "The time is right for Mercer to further strengthen its presence in the wealth management market. I am delighted to be part of the team and to be delivering our extensive, unparalleled expertise, suite of services and innovative solutions to clients."
Mercer is a global leader in human resource consulting, outsourcing and investment services. Mercer works with clients to solve their most complex benefit and human capital issues by designing, implementing and administering health, retirement and other benefit programs. Mercer's investment services include investment consulting, implemented consulting and multi-manager investment management. Mercer's 20,000 employees are based in more than 40 countries. The company is a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York and Chicago stock exchanges. For more information, visit www.mercer.com.