Former BT investment head joins Mercer wealth team
John Allmey, BT’s former head of investment specialists, has been named strategic relationships leader - wealth management at Mercer Australia.
The news followed the sale of BT Investment Solutions (BTIS)/Advance Asset Management business to Mercer, an alongside transaction with the BT Super business’s Successor Funds Transfer into the Mercer Super Trust.
Allmey joined the firm on 3 April, a spokesperson confirmed.
“It’s an exciting time at Mercer as we grow and enhance our investment proposition to the market,” said Simon Eagleton, investments leader for Mercer in the Pacific region.
“John has proven success in delivering strong client outcomes, and I’m looking forward to leveraging the perspective he can bring to our diverse investor base, particularly in the wealth management space.”
Prior to the sale, Allmey had been with BT for over six years and was head of key accounts at BTIS/Advance Asset Management for eight years.
Before the merger of St George Bank and Westpac in December 2008, when Advance became part of the BT Financial Group, Allmey led key accounts for almost 17 years.
His specialities included key relationship sourcing and maintenance, project management, investments, marketing management, and product management.
Allmey’s appointments came after Mercer’s recent announcement of two executive appointments to its Pacific leadership team: Andrew Wallace as personal super and member experience leader in Mercer Super and Corrin Collocott as chief investment officer for Mercer Super and Multi-Sector and deputy chief investment officer for Mercer in the Pacific.
With the merger of BT Super into Mercer Super Trust in early April, Mercer welcomed 350 BT employees to the firm.
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.