Fred Wen joined Mercer in Shanghai on Thursday as the investment and consulting firm's wealth business leader, China.
He replaced Leo Shen, a spokeswoman for Mercer said. Mr. Shen joined Allianz Global Investors in Hong Kong as head of fund management business China at the start of 2021.
Mr. Wen focuses on expanding Mercer's investment capabilities in the fast-growing Chinese market, reporting to Catherine Li, CEO, Greater China, according to a news release.
Mr. Wen's experience will allow Mercer to assist more Chinese financial institutions in areas such as retirement and pension planning, as well as ESG, Ms. Li said in the release.
Mr. Wen was executive director and senior portfolio manager at Ping An Life Insurance Company of China. A spokesman couldn't immediately be reached for comment.