Mercer, a global consulting firm and a wholly owned subsidiary of Marsh and McLennan Companies, has appointed Richard Tan as portfolio specialist, Asia, to strengthen its portfolio advisory and technical capabilities.
With 25 years’ experience in investment management, Tan joins Mercer from Willis Towers Watson where he was the firm’s head of private markets and, most recently, head of research for Asia. Tan will be based in Hong Kong.
Prior to this, he spent eight years as a co-founder of a Pan Asian private equity fund, where he gained extensive experience in capital raising, managing investment portfolios, and conducting due diligence.
Mercer Asia CEO Renée McGowan said Mercer’s client base was looking for the technical expertise to help them build stronger portfolios.
“Over the years we’ve established a core business in investment management and manager selection. We’re becoming increasingly recognized for this in the market, and, as a result, have experienced significant growth in our delegated asset management business, implementing investments for clients via our multi-manager fund offering,” McGowan said.
“He will lead our clients’ portfolio construction across asset classes and public and private markets,” she said.
Mercer Asia Wealth business leader Janet Li said as the investment environment and products become more complex, clients have become increasingly sophisticated.
“Finding the right talent is key for us to continue adding value to clients and staying ahead of the curve,” says Li. “In this newly created position, Richard will bring Mercer’s wide suite of investment capabilities together for clients via our enhanced portfolios.”
Tan said Mercer’s specialized capabilities and scale were particularly advantageous for clients.
“Mercer’s scale not only enables clients to tap into our global and regional expertise but also opens the door to greater investment diversification and cost efficiencies,” says Tan.