Mercer has appointed Kriti Chandnani and Joe Hornsby as senior associates in the covenant team.
Chandnani, an experienced accountant with a background in corporate finance and equity research, joins from Argyll Covenant. Chandnani has experience dealing with trustees and corporations in a variety of situations, including appraisals, and advising on the implications of restructuring, transactions, and performance monitoring.
Hornsby is a certified accountant with experience in auditing. In his prior position as a covenant manager, Hornsby gained experience in a variety of industries, including engineering, logistics, retail, food production, housing, financial services, and not-for-profit organisations.
The new hires are in addition to Adam D’Souza, Brandy Mukasa and Michael Fenton who joined during the past year, the latest appointments bring the team’s overall strength to 15, with coverage of the entire UK.
Mercer risk transfer and DB journey planning leader Andrew Ward: “Kriti and Joe are great additions to Mercer’s covenant offering bringing a wide range of experience at an exciting time for our business and the covenant sector. They will help the team deliver high-quality covenant advice to both pension scheme trustees and corporate sponsors across the breadth of our client base and with new opportunities.
“This is a further step in developing Mercer’s leading role in the covenant advisory market. Understanding covenant is of crucial importance in scheme valuations, in M&A and more recently in situations previously considered as business as usual. Kriti and Joe’s knowledge and approach will significantly expand our team’s capabilities, and help clients successfully navigate these issues.”