Mercer Appoints Tim Gardener as Global Chief Investment Strategist
Business Wire, May 19, 2008
Andrew Kirton Named President and Global Head of Investment Consulting
LONDON -- Tim Gardener, who has led Mercer's highly successful investment consulting business for more than 20 years, has decided to assume a new and important role as global chief investment strategist at Mercer, reporting to M. Michele Burns, Mercer's chairman and chief executive officer.
Andrew Kirton, formerly head of investment consulting in Europe, who has worked with Mr. Gardener for more than 10 years, will succeed him as president and global head of investment consulting and will become a member of Mercer's global operating committee.
"Tim, who has built and led Mercer's global investment consulting business to pre-eminence during a career spanning more than 30 years, has asked to take on the global chief investment strategist role, in which he will act as a senior advisor to clients and focus on high-level strategic issues," noted Ms. Burns. "He has acted as a passionate, vocal champion both for investment consulting and Mercer as a whole. Under his stewardship the investment consulting business has become the undisputed global leader in the investment advisory space. Over the past 10 years, Mercer's investment consulting revenues have quadrupled and we now have more than US$3 trillion in retainer assets under advisement. Mercer has achieved growth not only in market share and revenue, but in reputation and standing within the investment community. Mercer investment consulting now works with 9 of the 10 largest institutional investors in the world.
"Under Andrew's leadership in Europe, investment consulting has maintained Mercer's unrivaled position in the UK while expanding our investment consulting presence across the Continent," said Ms. Burns. "Investment consulting's professionalism and sterling reputation with clients have led us to being named European Investment Consultancy of the Year by the Financial News for five years running, and I am certain Andrew will bring the same focus and commitment to his role as president and global head of investment consulting.
"Today's announcement is evidence of our commitment to continuity and our determination to ensure the kind of leadership that will benefit our clients and drive our long-term growth and competitiveness," said Ms. Burns.
Tim Gardener has been president and global head of Mercer's investment consulting business, overseeing the impressive growth of that business over the past 10 years to a widely- recognized leadership position. He has more than 30 years of experience within the pensions and investment consulting industry and is an influential figure in the institutional investment market and a well-known speaker at investment conferences. Mr. Gardener has an honours degree in mathematics from Birmingham University and is a Fellow of the Institute of Actuaries.
Andrew Kirton, prior to being named president and global head of investment consulting, led Mercer's European investment consulting business. He has been a member of the European operating committee and will now become a member of the Mercer global operating committee. He remains extensively involved in advising clients. Mr. Kirton has more than 20 years of experience in the investment industry. Before joining Mercer in 1998, he worked as an investment analyst with Sedgwick Noble Lowndes, where he provided investment advice and managed the consulting team and its investment research process. Mr. Kirton has a bachelor's degree in industrial economics from Nottingham University. He is a member of the National Association of Pension Funds Investment Council. He is also a Fellow of the Royal Geographical Society.
Mercer is a leading global provider of consulting, outsourcing and investment services. Mercer works with clients to solve their most complex benefit and human capital issues, designing and helping manage health, retirement and other benefits. It is a leader in benefit outsourcing. Mercer's investment services include investment consulting and multi-manager investment management. Mercer's 18,000 employees are based in more than 40 countries. The company is a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago and London stock exchanges. For more information, visit www.mercer.com.
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