Tim Banks was named a senior fiduciary consultant at Mercer, said Ben Gunnee, U.K. head of fiduciary management.
The position is new, and Mr. Banks started this week. He is based in London.
Mr. Banks helps to broaden client relationships across defined benefit funds, the insurance sector and wealth management. Mr. Gunnee added that Mr. Banks is responsible for helping to deliver the firm's “tailored and innovative solutions to help address the needs of clients.”
Mr. Banks was previously a managing director in AllianceBernstein's pensions strategy group. He left the firm in November, according to the Financial Services Authority register of authorized persons. A spokesman for AllianceBernstein said there was no “like-for-like” replacement for Mr. Banks.
