NEW YORK–(BUSINESS WIRE)–Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh & McLennan (NYSE: MMC), announces the appointment of Samantha Davidson, CFA, as U.S. Leader of Mercer’s Outsourced Chief Investment Officer (OCIO) business.
In her role, Ms. Davidson will oversee Mercer’s OCIO business and team in the U.S., and will be responsible for implementing strategic initiatives, driving business development and managing and expanding client relationships.
Mercer’s OCIO business has experienced significant growth in recent years, exceeding $300 billion in global assets under management1, and receiving the top ranking by Pensions & Investments for OCIO assets under management earlier this year2.
Before joining Mercer, Ms. Davidson spent more than 17 years with Goldman Sachs, holding various roles as part of the company’s asset and wealth management division including the delegated solutions and alternative investment and manager selection functions. Most recently, she was a Managing Director and Head of Client Solutions for GS Personal Financial Management, where she led efforts to provide advice and wealth management solutions for the firm’s high net worth clients.
Chris Mahoney, Senior Partner and U.S. Leader for Mercer’s wealth business, said, “In these uncertain times, many organizations need to focus on the core responsibilities of running their businesses, and that’s where our growing OCIO business can truly help. As trusted advisors, we partner with clients who want to outsource their investment decisions and operations, saving them time, improving governance, and reacting nimbly to rapidly changing markets. We’re confident that Samantha’s extensive financial experience and leadership will help our clients navigate the evolving market climate ahead and position our business for continued growth.”
Michael Dempsey, Global Commercial Leader of Investment Solutions for Mercer’s wealth business, said, “The success of Mercer’s U.S. OCIO business is reflective of the growth we have seen for delegated solutions on a global scale, as institutional clients around the world understand the value that innovative and customized products and services can bring to them. We are confident that this trend is here to stay and that Samantha will play an integral role in driving our U.S. business forward at this important time for institutional investors everywhere.”
Ms. Davidson is based in New York, N.Y. and reports to Chris Mahoney, Senior Partner and U.S. Leader of Mercer’s wealth business, effective immediately.
Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. 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 (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 76,000 colleagues and annual revenue of $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 www.mercer.com. Follow Mercer on Twitter @Mercer.
1 Company information as of June 30, 2020. In providing OCIO services, Mercer typically exercises investment discretion by hiring and overseeing third-party asset managers on behalf of client portfolios. Global OCIO assets data is primarily but not exclusively discretionary mandates.
2 Company information as of March 31, 2020. Source: https://www.pionline.com/special-report-cio-outsourcing/ocio-growth-assisted-volatile-times