Mercer appoints Billmoria as infrastructure leader
Mercer has moved to strengthen its specialist infrastructure investment team and alternative asset advisory capabilities with the appointment of Farhad Billmoria as Infrastructure Leader for Mercer’s Investments business in the Pacific market.
The company said Farhad would lead Mercer’s infrastructure research coverage in the Pacific and be jointly responsible with Sydney-based senior consultant Mark Murray for building on the success of Mercer’s Global Infrastructure Team in the Pacific, as well as supporting the team globally.
Commenting on the appointment, Mercer’s Investments Business Leader for the Pacific, Simon Eagleton said it marked an important milestone in the development of the company’s alternative assets advisory capability, which was an important growth segment.
“Mercer has achieved a number of significant wins advising on infrastructure investments over the past two years, including engagements for some of the largest pension and institutional investors in Australia, Asia and North America,” he said.
Billmoria most recently held a position as portfolio manager at California Public Employees’ Retirement System’s (CalPERS), Infrastructure & Forestland team, where he was jointly responsible for the build-out and management of CalPER’s multi-billion dollar infrastructure and timberland portfolio.
He was also previously part of AMP Capital’s Infrastructure & Private Debt team in New York, as well as a senior member of Australian boutique Access Capital Advisers’ infrastructure and private equity investment team in Australia and North America.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
