Mercer promotes Marc Cordover to US investments and retirement head

Mercer, an asset management and HR consultancy, has promoted Marc Cordover to US investments and retirement leader.

Based in Atlanta, Cordover will oversee the firm’s range of investment and retirement solutions and will report to Pat Tomlinson, president for US and Canada at Mercer. He will also join the firm’s global wealth and US and Canada leadership teams.

Cordover succeeds Chris Mahoney, who was promoted to the newly created role of global defined benefit/defined contribution (DB/DC) leader as part of a restructuring of Mercer's global investment business.

Cordover has more than 25 years of experience in investment and retirement consulting. He began his career at Deloitte, where he spent two years as a retirement consultant specializing in pension plans, before joining Mercer in 1996 as an analyst in the retirement business. He has held a variety of leadership roles at Mercer, including Houston office business leader, Central market business leader, and US and Canada retirement sales leader. Cordover most recently led the wealth business line in the US East region.

He has a bachelor’s degree in statistics from the University of Florida and a master’s degree in actuarial science from Georgia State University.

“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.”

Mercer’s investment consulting business has more than 1,300 people globally and provides tailored solutions for pension plans and trustees, not-for-profits, insurers, wealth managers, and family offices. The New York-headquartered firm had global assets under management of $380 billion as of March 31, 2021.

“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,” said 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.”

Parent company Marsh McLennan recently announced John Doyle as CEO, effective January 1, 2023.