The firm, which has global assets under delegated management of $213bn, has named Janet Li as Hong Kong-based wealth business leader for Asia. She assumed her role on 2 January and is responsible for leading the firm’s wealth advisory and delegated implementation team, including investments and retirement.
Li was formerly director for investments for Greater China at Mercer competitor Willis Towers Watson.
She also held various leadership roles in the Hong Kong Retirement Schemes Association, the Taiwan Pension Fund Association and the FTSE Taiwan Index Committee, according to the statement.
The firm added that it has promoted Adeline Tan to the role of wealth business leader for Hong Kong on 1 January. She replaced Billy Wong, who is now Mercer’s health business leader for Hong Kong.
Tan first joined Mercer in Hong Kong in 2014 as head of investment advisory and later expanded her oversight to include retirement advisory within Mercer’s wealth business, according to the statement.
Besides Li and Tan, Mercer also appointed Simon Coxeter as a principal in Mercer’s hedge fund and equity boutiques. Based in Singapore, he is responsible for evaluating multi-asset and equity strategies.
Coxeter rejoined the firm in October after leaving in April for a brief period to work at Franklin Templeton Investments, according to the statement. He first joined Mercer in 2010.
Mercer has had several senior personnel changes in the past year. The latest, in January 2018, was Steven Seow, head of Asia wealth management, who left the firm to develop his own consultancy for private banks.
