Mercer, a global consulting leader in advancing health, wealth and career, and a wholly owned subsidiary of Marsh and McLennan Companies (NYSE: MMC), has reinforced its commitment to grow its Wealth business with the appointment of senior finance executive Harold Tan to the role of Wealth Business Leader, Philippines.
With a career spanning more than two decades across the Asia region, Mr Tan joins Mercer from Maybank Philippines, where he held the role of Vice President and Head of Premier Wealth. Prior to this, he held a range of wealth and investment advisory roles at Standard Chartered Bank.
Mercer Philippines CEO Teng Alday said Mr Tan’s appointment positions the business to grow its market share in the wealth sector in the Philippines.
“While we are best known in the market for our capabilities in health, retirement and workforce consulting, we have a successful Wealth business in Asia. We use local solutions and our global and regional expertise to help our institutional clients achieve better outcomes in their investment and retirement portfolios,” said Ms Alday.
“Harold’s extensive experience in the wealth and banking sectors boosts the expertise and leadership of Mercer Philippines and further enhances its capabilities to proactively grow its local Wealth business,” she said.
Mercer Asia Wealth Business Leader Janet Li added that the Wealth business has been thriving in the region.
“We have seen strong demand from clients across Asia needing support with their investment and retirement needs due to the more complex investment environment and the emergence of issues associated with an ageing demographic. Investment capability, access to an implementation platform and talent are all key attributes to help navigate this challenging investment landscape.”
“We are delighted to have Harold joining us to lead the delivery of our Wealth capabilities to local clients in the Philippines,” said Ms Li.
Mr Tan said it was an exciting time to be joining the business, noting the Philippines is one of the fastest growing markets in the region.
“With a world-class team and industry leading capabilities, I’m looking forward taking our local Wealth business to the next level,” Mr Tan said.
“By leveraging Mercer’s global scale and expertise, we provide our clients with unparalleled access to greater investment diversification, which will benefit more clients in the Philippines,” he said.
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 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With 75,000 colleagues and annualized revenue approaching $17 billion, through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.asean.mercer.com.