Global consultancy Mercer has expanded its wealth business in China with the hire of a former portfolio manager from Ping An.
Fred Wen joins Mercer as its China wealth business leader, according to a statement, effective as of today.
Wen will join the regional team led by Asia wealth business leader Janet Li and report to Greater China chief executive Catherine Li.
Wen has nearly 15 years of financial experience and was most recently with Ping An Life Insurance in China where he was an executive director and senior portfolio manager. Previously, he also worked with Willis Towers Watson as a senior investment consultant for China.
China Opportunity
According to the firm, increased access to China’s financial markets has created new opportunities, particularly with regard to sustainability.
«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,» said Janet Li.
«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.»
