Mercer continues to bulk up ranks
Mercer Investment Consulting continues with its push into the retail and institutional research markets, adding two more staff to its growing stable of consultants and lifting the teams capacity to almost 70 personnel.
The latest recruits include former Perennial Investment Partners portfolio manager Harry Liem, who joins the group with more than 12 years experience in investment management in Australia, Singapore and the Netherlands.
Also joining the group next week is Giri Rabindranath, moving across from a consultancy position with Counterpoint Research.
Rabindranath is a nine year veteran of the industry and his experience in research, investment management and actuarial and risk management in retail and institutional markets has led to his hiring at Mercer.
“Each will contribute to our advisory capability on the full range of investment decisions, including asset allocation, portfolio construction and manager selection,” Mercer head of investment consulting Tony Cole.
These latest appointments follow Mercers recent snaring of former van Eyk head of quantative research Sidney Wong, who started at the group this week, which is also home to other ex-van Eyk staffers Dragana Timitojevic and Rashmi Mehrotra.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.