Nokia of America Corp., Murray Hill, N.J., hired Mercer to provide outsourced chief investment officer services for its U.S. defined benefit plan.
The company entered into an agreement with the firm July 18 to provide services beginning Oct. 1, according to its newly released Form 5500 filing.
Jeanmarie Grisi head of global pensions at Nokia, who oversees more than $38 billion in assets for the company, plans to retire in March, she confirmed in an email.
As of Dec. 31, the Nokia Retirement Income Plan had $13.8 billion in assets, according to the Form 5500 filing.
In September, Grisi was profiled by Pensions & Investments as one of its Influential Women in Institutional Investing. Alongside her role at Nokia, Grisi was in 2022 reappointed by President Joe Biden as a member of the Pension Benefit Guaranty Corp. advisory board — and was at that time also named as committee chair.
She’s been in pension fund roles for more than two decades, including as U.S. CIO of Alcatel-Lucent.
