Mercer announces new managing director for Australia and New Zealand

Mercer has announced David Anderson as the managing director and market leader for Australia and New Zealand from March 1, while the incumbent, Peter Promnitz, will now focus solely on his role as regional head for Asia Pacific.

Anderson joined Mercer in 1998 from AMP Financial Services and has held a number of key leadership roles within Mercer, working previously as Mercer’s Asia Pacific outsourcing business leader.

Sandy McCarthy will succeed Anderson as leader of Mercer’s outsourcing business for Asia Pacific, a role which encompasses leadership of Mercer’s superannuation master trust, administration and member services for standalone corporate and multi employer superannuation plans and private client financial advisory services.

McCarthy joined Mercer in the US in August 2009 from ING. She was a member of the founding executive team of CitiStreet and was president and a board member at the time of CitiStreet’s acquisition by ING. McCarthy has held senior level positions at several other financial services institutions including State Street Global Advisors and Fidelity Investments.

“I’d like to thank David for his outstanding contribution as region leader of our outsourcing business and I have no doubt his business acumen will contribute to further growth and success for Mercer in Australia and New Zealand,” said Promnitz.

“I also welcome Sandy to Australia and her new role. Mercer’s superannuation and outsourcing business will benefit from the expertise she brings,” he said.