Liana Magner has been appointed U.S. delegated DC leader for Mercer's investments business, confirmed Charles Salmans, a company spokesman.
The position is new.
Ms. Magner “will have overall responsibility for the ongoing development of Mercer's delegated (defined contribution) services, sometimes referred to as outsourced CIO, as well as assuming primary responsibility for new business generation in the DC investments market on a national basis,” according to a Mercer news release Thursday.
“Effectively, Liana was heading delegated defined contribution in the U.S. before, but this formalizes that role, reflecting the growth and importance of this area of Mercer's business,” Mr. Salmans said in an e-mail. Mercer's U.S. outsourced defined contribution CIO business has $6 billion in assets under management, he added.
Ms. Magner had been Mercer's market leader in New England and remains a partner. In the investment area, Ms. Magner's New England responsibilities have been combined with the New York and Mid-Atlantic regions “to create a single Northeast leadership position under (senior partner) Thomas Cassara ,” Mr. Salmans wrote.