Former BT investment head joins Mercer wealth team

BT mercer

14 April 2023
| By Rhea Nath |
image
image image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

1 month 2 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month 3 weeks ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month 3 weeks ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

1 week 2 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

4 weeks 1 day ago

Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial....

2 days 11 hours ago

TOP PERFORMING FUNDS