The chief executive of the $40 billion fund says that bringing back defined benefit funds could make the public service an attractive career path again and strengthen the social compact with nurses, teachers and police.
The set-up for emerging markets is better than ever, and harks back to the beginning of their decade-long run following the end of the Asian financial crisis. And while Trump has investors running scared, fears about another brushfire trade war are overblown.
Mercer recruits for trust sales
(Pictured: Wes Palmer)
After 15 years in asset servicing and custody, Wes Palmer has transitioned to broader investment sales and marketing, taking up a position at Mercer as a principal in the financial services division.
The Melbourne-based position involves sales for the $17 billion Mercer super trusts, corporate super and administration.
Palmer, a former British army officer, spent the past five years at RBC Investor Services and the previous 10 years at NAB Asset Servicing, both as a senior sales executive.
RBC closed its Melbourne office last October and the staff who did not want to move to Sydney were made redundant. Palmer was retained, however, until the end of January to tidy up some loose ends with two new deals for the firm.
