Mercer has appointed Philip Parkinson as its new investments and retirement leader in the UK.
Parkinson joins the executive team of Mercer UK and will be responsible for managing the firm’s investments and retirement business strategy across defined benefit (DB), defined contribution (DC), and other expanding market sectors such as financial institutions, endowments, and foundations. Parkinson replaces Benoit Hudon who will focus on his position as President and CEO of Mercer UK.
Parkinson has worked at Mercer in a variety of capacities both domestically and internationally. Most recently, he oversaw the DC division of the UK Wealth company, which offers advising and product solutions.
Hudon says: “Phil brings a great depth of expertise at an important time for our business and for the industry at large. This is a crucial time for the balance of DB and DC pensions, where all of our clients will be looking to us to help them navigate the challenging economic environment, while they maximise the outcomes for their stakeholders. Phil’s mixed DB, DC, consulting and product knowledge will further expand our team’s capabilities and will help our clients navigate these issues.
“I am confident that under Phil’s leadership, the team will build on its purpose to make a difference in people’s lives, which we do through the delivery of high-quality tools, advice and solutions.”
Parkinson says: “This is an exciting next step in Mercer’s journey and I am honoured to receive the Investments and Retirement leadership baton from Benoit. I believe Mercer’s Wealth business has even more potential to unlock and I look forward to working with the team to advance our services to clients, providing the tools, advice and solutions they need through this challenging time. Now more than ever, we need to embody our purpose of making a difference to the people we serve.”