Mercer announced today the appointment of Nick Rosenblatt to the newly created position of Wealth Management Proposition Leader. Mr Rosenblatt will further develop Mercer’s investment proposition, servicing models and infrastructure to enable wealth managers to achieve investment goals, manage risk and reduce costs for their clients. Based in London Mr Rosenblatt will report to Amit Popat, Partner & European Business Leader, Wealth Management and Endowments & Foundations.
Mr Rosenblatt has more than 20 years of experience in the investment management industry, most recently at Russell Investments where he led its Wholesale & Partnerships business with responsibility for UK and offshore distribution of funds. Before that he was a Vice President of International Sales and Marketing at Merrill Lynch Investment Managers.
“I am excited to be joining Mercer’s Wealth business” said Mr Rosenblatt. “Mercer is ideally placed to help wealth managers address many of the challenges they face today, such as increasing regulatory oversight, fee pressure, higher costs, and lower investment returns. We can help wealth managers provide investment solutions and strive to reduce cost without compromising on quality.”
Mr Popat said: “We are delighted to welcome Nick to Mercer. In an uncertain world economy, investors, including wealth managers, are seeking more innovative ways of managing risk and costs, diversifying portfolios and ensuring solid governance. Nick is well-placed to ensure that Mercer understands and supports wealth managers to achieve these goals for their clients.”
Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan Companies (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people with 76,000 colleagues and annualized revenue approaching $17 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer. In the UK, Mercer Limited is authorised and regulated by the Financial Conduct Authority.