Mercer Appoints Marc Cordover as US Investments and Retirement Leader

Rhea-AI Summary

Mercer, a division of Marsh McLennan (NYSE: MMC), has appointed Marc Cordover as the new US Investments and Retirement Leader, effective immediately. Cordover, previously the East Wealth Market Business Leader, will oversee Mercer’s investment and retirement solutions and will report to Pat Tomlinson, President of US & Canada. With over 25 years of experience at Mercer, Cordover brings a strong track record in client management and leadership. His appointment aims to strengthen Mercer's capabilities in addressing client challenges amid financial volatility.

Positive

• Cordover's extensive experience and established leadership within Mercer may enhance client trust and operational efficiency.
• His appointment is expected to fortify Mercer's competitive position in the investment and retirement sectors.

Negative

• The transition in leadership may introduce temporary uncertainty as Cordover adapts to his new role.

ATLANTA--(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), has named Marc Cordover as US Investments and Retirement Leader. Previously Mercer’s East Wealth Market Business Leader (MBL), Cordover will also join Mercer’s Global Wealth and US & Canada Leadership Teams. Cordover will have oversight of the firm's range of investment and retirement solutions. Based in Atlanta, he will report to Pat Tomlinson, President, US & Canada, effective immediately. Cordover will succeed Chris Mahoney, who was recently appointed Global DB/DC (Defined Benefits/Defined Contributions) Leader, Mercer.

“Marc has been a champion of implementing broad solutions that both address the breadth of our clients’ needs, seeking to propel Mercer ahead of our competitors, as evidenced by his long history of serving clients and driving business success across Mercer and Marsh McLennan,” said Tomlinson. “He is a dynamic leader with expansive consulting and leadership experience, and I am confident in his ability to build on Mercer's strong foundation across the Global, and US & Canada teams.”

Cordover brings over 25 years of experience in market leadership roles and client management. Since joining Mercer in 1996 as an analyst in the retirement business, he has held a variety of leadership roles, including Houston Office Business Leader (OBL), Central Market Business Leader, and US & Canada Retirement Sales Leader. Cordover holds a Bachelor of Science in statistics from the University of Florida and a Master of Actuarial Science from Georgia State University.

"This could not be a more exciting time to lead Mercer's Wealth business in the US. Our clients are dealing with historic financial volatility yet must continue to meet their stakeholder's objectives in an increasingly complex regulatory environment,” added Cordover. “With the combined resources and scale of Marsh McLennan, we are well positioned to address our clients’ most pressing challenges and continue our journey of building brighter futures for our clients, colleagues, and communities.”

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 83,000 colleagues and annual revenue of approximately $20 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 mercer.com. Follow Mercer on LinkedIn and Twitter.

A business of Marsh McLennan

View source version on businesswire.com: https://www.businesswire.com/news/home/20221006005242/en/

Katherine Ratcliffe

+1 917 703 7453

Katherine.ratcliffe@mercer.com

Source: Mercer

FAQ

Who is Marc Cordover and what is his new role at Marsh McLennan (MMC)?

Marc Cordover has been appointed as the US Investments and Retirement Leader at Mercer, a business of Marsh McLennan (NYSE: MMC), effective immediately.

What experience does Marc Cordover bring to his new position at MMC?

Cordover brings over 25 years of experience in leadership roles within Mercer, including roles in client management and market leadership.

What is the significance of Marc Cordover's appointment for Mercer and its clients?

Cordover's appointment is aimed at enhancing Mercer's ability to address client challenges amidst financial volatility, leveraging his extensive industry experience.