Mercer has named Kylie Willment as its new CIO for its Pacific operations, replacing Russell Clarke who left the firm earlier this year to take up the role of CIO at Victorian Funds Management.

Willment will take up the new role on 25 October 2017, with responsibility for the investment performance of the firm’s diversified funds and asset class building blocks in the Pacific.

She will work alongside the firm’s global wealth team, which oversees over $200bn in funds under management of which over $30bn is managed in the Pacific.

Prior to Mercer, Willment served at NSW Treasury Corporation (TCorp) in several senior investment roles for 17 years.

Mercer institutional wealth leader for Pacific said: “Kylie’s experience in designing and managing investment solutions that consistently meet long-term investors’ needs will further differentiate our team. We’re very excited to have Kylie on board.”