Shanghai, China, 6 May, 2021 – 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), announced the appointment of Fred Wen as Wealth Business Leader, China, effective today.
In his role, Mr. Wen will focus on expanding Mercer’s investment capabilities in this critical high growth market to deliver innovative client solutions and profitably grow the business. Based in Shanghai, Mr. Wen will report to Catherine Li, CEO, Greater China, Mercer, and join the regional team led by Janet Li, Asia Wealth Business Leader, Mercer.
“Fred is taking on this important leadership role at a time when demand for investment solutions is growing at a rapid pace amid China’s strong economic recovery,” said Catherine Li. “Our successful Wealth business in China has been driven by our ability to combine the best of local and global practices and expertise to help our institutional clients seize opportunities and achieve better outcomes in their investment and retirement portfolios.
“The continued opening of China’s financial markets presents key opportunities for Mercer, particularly in retirement and pension planning, as well as ESG. Fred’s senior-level experience and industry knowledge, together with his track record of driving business success, will enable us to help more Chinese financial institutions and further expand Mercer’s position in China.”
With close to 15 years of experience in financial services, investments and consulting, Mr. Wen joins Mercer from Ping An Life Insurance Company of China where he held the role of Executive Director and Senior Portfolio Manager. Prior to this, he was Senior Investment Consultant, Investment Services, at Willis Towers Watson, where he was responsible for the firm’s investment-related business in China.
Janet Li added that Mercer’s Wealth business across China and the region has been going from strength to strength.
“We continue to see robust demand from clients for support in their investment decisions and operations, strengthening governance, and integrating ESG considerations into their portfolios,” she said. “Particularly in the wake of the global pandemic, institutions throughout Asia have sought our advice to enhance their ability to react deftly to the rapidly evolving domestic and global financial landscapes.
“We’re confident that Fred’s extensive financial experience and in-depth expertise will build on our success to help clients navigate the challenging and complex market climate ahead and position our business for continued growth,” she said.
About Mercer
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 approximately 25,000 employees are based in 43 countries and the firm operates in 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.
