Tom Murphy, a senior partner at Mercer, was named the head of the consulting firm’s newly created U.S. defined contribution and financial wellness business unit, the company announced Tuesday.
“This unit brings together specialist DC and financial wellness talent from across Mercer’s U.S. business to provide stronger support to Mercer’s client base,” a Mercer news release said.
Mr. Murphy was head of Mercer’s U.S. delegated solutions business, which provides outsourced CIO services. He was succeeded by Rich Joseph, chief operating officer of the delegated solutions business in North America, the news release said.
Mr. Joseph’s role has been assumed by Jeremiah France, who had been U.S. head of delegated solutions operations, said Alayna Francis, a Mercer spokeswoman, in an interview.
In addition, Liana Magner was named national defined contribution investment segment leader. Ms. Magner replaces Sabrina Bailey, who became global head of defined contribution for Northern Trust Asset Management in August. Ms. Magner had been U.S. delegated (solutions) defined contribution leader for Mercer Investments, Ms. Francis said.
Also, Neil Lloyd was appointed to the newly created job of U.S. defined contribution research leader. Mr. Lloyd had been a partner and senior consultant, based in Vancouver and a member of Mercer’s defined contribution research team, Ms. Francis said.