
Mercer boosts Asia wealth management team
Mercer has appointed Edmund Teo to lead its wealth management team in Asia, providing research, advisory and portfolio management services to banks, insurers and other financial services organizations in the region. Pierre DeGagne also joins as a principal consultant.
Teo was previously regional director at Russell Investments and has also held senior client-facing positions at First State Investments and UOB Asset Management. DeGagne formerly worked at Standard Chartered where he was responsible for offshore mutual fund strategy and research for the private banking and retail businesses.
"In Asia Pacific, Edmund and Pierre will take our already well-established and very successful wealth management offering beyond ASEAN to the rest of the Asia region," said Stephen Roberts, Mercer's regional business leader for Asia Pacific investments. "They will also be partnering with a platform or virtual platform provider to offer superior governance advice, portfolio construction, investment management, and monitoring to banks, family offices, high net worth individuals and intermediaries."
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.