Consulting firm Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has named Rich Nuzum as the new president of its global wealth arm.
Nuzum previously headed the wealth business for growth markets region of Mercer, with responsibility for leading the firm’s retirement and investments operations across Africa, Asia, Latin America and the Middle East.
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Having joined Mercer in Tokyo in 1992, he held various leadership position roles in the firm’s retirement and investment units such as head of the investments business in Asia and later in North America.
Mercer president and CEO Julio Portalatin said: “Moving from strength to strength, these changes will continue to drive Mercer’s growth agenda.”
The recent appointment comes soon after Mercer’s appointment of Kylie Willment as its new CIO for Pacific business. Willment succeeded Russell Clarke who departed from the firm earlier this year.
