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Ahead of the imminent departure of Mercer's president of Health and Wealth divisions, the wholly owned subsidiary of Marsh & McLennan Cos. has announced a new C-suite lineup featuring Rich Nuzum, who is now president of the firm's New York-based global Wealth business. 

As previously announced, Jacques Goulet is stepping down as head of Health and Wealth and will become president at Sun Life Financial Canada, effective Jan. 15. 

Nuzum, who joined Mercer in Tokyo in 1992, was formerly the wealth leader for Mercer’s Growth Markets Region. He has held leadership roles in Mercer’s retirement and investment businesses, including leading Mercer’s investments business in Asia and later in North America.

Most recently, Nuzum was named Consultant of the Year by CIO magazine for his role as wealth leader in Growth Markets. In this capacity he led Mercer’s retirement and investments businesses across Africa, Asia, Latin America and the Middle East. See: Focus Financial's 'extraordinary' purchase of $16B-AUM SCS Capital and what Stone Point -- both buyer and seller in the deal -- may do to juice its investment

Jacques Goulet's northward career migration to Sun Life meant upward moves for Mercer execs.

Martine Ferland, president, Europe and Pacific and Ken Haderer, president, North America, will co-lead the global Health business.

International MercerMarsh Benefits leader John Deegan will now report to Ferland. 

Sharon Cunninghis, head of U.S. Health, will continue to report to Haderer.

“Moving from strength to strength, these changes will continue to drive Mercer’s growth agenda,” says Julio Portalatin, president and CEO of Mercer, in a statement. "We thank Jacques for his years of leadership and congratulate Rich, Martine and Ken on their expanded leadership roles.”

 New York-based Mercer has more than 22,000 employees based in 43 countries and the firm operates in over 130 countries. It has annual revenue over $13 billion, through companies including Marsh, Guy Carpenter and Oliver Wyman. 



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