Moloney succeeds worldwide partner Bob Moreen, who will devote himself full-time to further developing Mercer’s integrated retirement risk management services globally.
The FSG, a joint initiative of Mercer’s investment consulting and retirement, risk and finance consulting businesses, provides strategic funding and investment advice to large corporate and complex fiduciary clients to help them manage financial risk in their retirement programs, according to a press release. Mercer notes that its FSG comprises senior consultants with previous high-level experience in both pensions and investments.
Moloney, who is a worldwide partner, has relocated to New York City from Dublin, where he led the European business since its inception in 2007. In addition to his new global leadership responsibility, he will lead the US FSG leadership team, according to Mercer. With nearly 20 years’ actuarial and consulting experience, Moloney is a Fellow of the Institute of Actuaries in the UK, a Fellow of the Irish Society of Actuaries and an Associate of the US Society of Actuaries.
“Mick brings with him a wealth of experience in dealing with pension risk issues for European plan sponsors. Under his leadership, the FSG in Europe and the UK have grown substantially, and established a well-earned reputation for thought and delivery leadership in the marketplace,” added Simon O’Regan, a worldwide partner who leads Mercer’s global retirement, risk and finance business.
Added Andrew Kirton, a worldwide partner who leads Mercer’s global investment consulting business: “We are seeing growing demand from plan sponsors in the US and other markets for more sophisticated risk solutions – particularly around dynamic risk reduction approaches for defined benefit plans and endgame strategies for what are now, in many cases, legacy arrangements.”
« EBSA Starts List of Approved Software for Electronic Form 5500 Filing