Stephen Budge will join consultant Mercer, a spokesman for the firm confirmed.
The spokesman declined to comment further, but sources said Mr. Budge will join the defined contribution team.
Mr. Budge previously was head of defined contribution investment advisory at KPMG. A spokesman for KPMG confirmed his departure, and said the firm is recruiting for his replacement. He added KPMG has plans to expand the DC practice in the U.K.
Mr. Budge did not respond to a request for comment by press time.
