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Press release:

Mercer Strengthens its Wealth Business with Three Senior Appointments

Issued by: Mercer

Date: Oct. 16, 2019

New York, N.Y., October 16, 2019 - Mercer, a global consulting leader in advancing health, wealth and career, announces the appointments of Ethan Bronsnick and Charlie Wright to its Wealth business, as well as the promotion of Forest Banks.

Mr. Bronsnick joins as Partner, US Financial Strategy Group, and Mr. Wright joins as Sales Director for Endowments and Foundations, while Mr. Bank’s new role will be Sales Director for Large Market Employer Plans.

“We’re thrilled to have Ethan and Charlie join our growing team at Mercer, and to announce Forest’s promotion. We aim to cultivate talent within while adding industry leaders and expanding our footprint for the benefit of our clients,” said Marc Cordover, East Market Wealth Business Leader. “Mercer remains at the forefront of investment and retirement strategies at a time when clients are demanding innovative and sophisticated solutions. These individuals will further strengthen our expertise and capabilities in annuity transactions and pension risk management, endowment and foundation services and large market employer plan advisory services respectively.”

Mr. Bronsnick joins Mercer’s Financial Strategy Group, a team specifically focused on managing risk in defined benefit pension plans. He brings significant expertise in facilitating large-case annuity transactions between pension plan sponsors and insurers.

Prior to joining Mercer, Mr. Bronsnick spent 10 years at Morgan Stanley, where he led their pension solutions team and prior to that spent 10 years at Credit Suisse working closely with life insurance companies. During his time at Morgan Stanley, he continually innovated while working on large-case pension risk transfer transactions. Mr. Bronsnick will be based in New York, N.Y., reporting to Matt McDaniel, Partner and U.S. Financial Strategy Group Leader.

Mr. Wright is an institutional asset management sales and client service executive with over 10 years of industry experience in advising OCIO, multi-asset class, single asset sleeve, and ESG/Impact strategies to endowments, foundations, family offices and pension plans.  

Prior to joining Mercer, he worked for Russell Investments and Northern Trust in Institutional Asset Management Sales positions. He held previous roles at Citibank and Wells Fargo. He is based in New York, N.Y., reporting to Marc Cordover.

Mr. Banks will become the Sales Director for Large Market Employer Plans, effective January 1, 2020, and will be responsible for business development and client solutions for the Southeast U.S. region. With Mercer for four years, he is currently working as a Senior Investment Consultant, providing investment advice to defined contribution clients. He is a member of Mercer’s US Defined Contribution Investment Committee and Mercer’s Manager of Manager strategic research team, and chairs Mercer’s Stable Value strategic research team.
Prior to joining Mercer, Mr. Banks spent 10 years at Northern Trust as a Senior Investment Consultant. Having worked with large market foundations, endowments, defined benefit and defined contribution plans, he has aided clients with asset allocation decisions, performance measurement, plan design, and manager selection and monitoring. Mr. Banks is based in Charlotte, N.C., reporting to Marc Cordover.

About Mercer
Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan Companies (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people with 76,000 colleagues and annualized revenue approaching $17 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit Follow Mercer on Twitter @Mercer.


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