Marsh & McLennan Companies’ wholly-owned subsidiary Mercer has appointed Benoit Hudon as its new head of wealth in the UK.
The appointment is subject to regulatory approval.
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In his new role as wealth head, Hudon will be responsible for the implementation of the company’s UK Wealth business’ strategy across various business segments including defined benefit (DB) pensions, defined contribution (DC) and investment consulting among others.
Mercer UK CEO Fiona Dunsire said: “We are delighted that Benoit will lead Mercer’s UK Wealth business. He brings considerable understanding of the sector and a track record of innovative solutions to the role.
“This depth of experience is key as we address the evolving needs of clients, both in defined benefit and DC pensions, and crucially as the importance of financial wellness and individual savings grows.”
Previously, Hudon was working as Mercer’s global defined benefit leader and held various roles throughout his association with the company.
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By GlobalDataHe was also associated with the development of the Mercer Pension Risk Exchange.
In August, Mercer signed agreements to acquire investment consulting and wealth management businesses of Pavilion Financial Group and Summit Strategies Group.
Both the deals, whose financial terms were not revealed, are expected to be completed in the fourth quarter of this year.
