Key Takeaways
- • Mercer, a business of Marsh McLennan (NYSE: MMC), named Marc Cordover as US Investments and Retirement Leader, effective immediately, per the firm's October 6, 2022 announcement.
- • Cordover, previously Mercer's East Wealth Market Business Leader, will also join Mercer's Global Wealth and US & Canada Leadership Teams and oversee the firm's full range of investment and retirement solutions.
- • Cordover succeeds Chris Mahoney, who was recently appointed Global DB/DC (Defined Benefits/Defined Contributions) Leader at Mercer.
- • Cordover reports to Pat Tomlinson, President, US & Canada, and is based in Atlanta.
- • Cordover joined Mercer in 1996 as a retirement analyst and brings more than 25 years of market leadership and client management experience.
Summary
Mercer has promoted Marc Cordover to US Investments and Retirement Leader, according to a firm announcement dated October 6, 2022. Mercer, described as a global leader in retirement, investment and health and well-being consulting, is a business of Marsh McLennan (NYSE: MMC). Cordover, who was previously Mercer's East Wealth Market Business Leader (MBL), will also join the firm's Global Wealth and US & Canada Leadership Teams. He will have oversight of Mercer's range of investment and retirement solutions and will be based in Atlanta, reporting to Pat Tomlinson, President, US & Canada, effective immediately.
Cordover succeeds Chris Mahoney, who was recently appointed Global DB/DC (Defined Benefits/Defined Contributions) Leader at Mercer. Tomlinson said Cordover has been a champion of broad solutions that address the breadth of clients' needs, and that he is confident in Cordover's ability to build on Mercer's strong foundation across the Global and US & Canada teams.
Cordover has more than 25 years of experience in market leadership and client management. He joined Mercer in 1996 as an analyst in the retirement business and has since held roles including Houston Office Business Leader (OBL), Central Market Business Leader, and US & Canada Retirement Sales Leader. He holds a Bachelor of Science in statistics from the University of Florida and a Master of Actuarial Science from Georgia State University.
In a statement, Cordover said the moment was an exciting one to lead Mercer's Wealth business in the US, noting that clients are dealing with historic financial volatility while meeting stakeholder objectives in an increasingly complex regulatory environment. He cited the combined resources and scale of Marsh McLennan as positioning the firm to address clients' most pressing challenges.
Mercer has approximately 25,000 employees in 43 countries and operates in 130 countries. Its parent, Marsh McLennan, has 83,000 colleagues and annual revenue of approximately $20 billion.
Cordover succeeds Chris Mahoney, who was recently appointed Global DB/DC (Defined Benefits/Defined Contributions) Leader at Mercer. Tomlinson said Cordover has been a champion of broad solutions that address the breadth of clients' needs, and that he is confident in Cordover's ability to build on Mercer's strong foundation across the Global and US & Canada teams.
Cordover has more than 25 years of experience in market leadership and client management. He joined Mercer in 1996 as an analyst in the retirement business and has since held roles including Houston Office Business Leader (OBL), Central Market Business Leader, and US & Canada Retirement Sales Leader. He holds a Bachelor of Science in statistics from the University of Florida and a Master of Actuarial Science from Georgia State University.
In a statement, Cordover said the moment was an exciting one to lead Mercer's Wealth business in the US, noting that clients are dealing with historic financial volatility while meeting stakeholder objectives in an increasingly complex regulatory environment. He cited the combined resources and scale of Marsh McLennan as positioning the firm to address clients' most pressing challenges.
Mercer has approximately 25,000 employees in 43 countries and operates in 130 countries. Its parent, Marsh McLennan, has 83,000 colleagues and annual revenue of approximately $20 billion.
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