Mercer has welcomed former BT Super executives, Andrew Wallace and Corrin Collocott, to the firm’s pacific leadership team following the completed merger of BT Super into the Mercer Super Trust and the acquisition of Advance Asset Management.
Specifically, Mr Wallace has stepped into the role of personal super and member experience leader at Mercer Super while Mr Collocott has been appointed chief investment officer (CIO), Mercer Super and multi-sector, in addition to a deputy CIO role across Mercer Pacific.
In his new role with the firm, Mr Wallace will oversee the teams involved in the enhancement of the fund’s end-to-end experience for its 850,000 members. He will report to Mercer Super chief executive officer, Tim Barber, and will be responsible for the retention, growth, and development of the fund’s personal super offering and member experience.
With 30 years of experience, Mr Wallace has held various roles across personal and corporate superannuation, risk, and governance. While at BT Super, he most recently served as managing director, personal and corporate super.
Meanwhile, Mr Collocott will oversee the performance of Mercer Super’s investment options and diversified funds and provide leadership to the investment management team. Reporting to Mercer Pacific CIO, Kylie Willment, Mr Collocott will also support Advance Asset Management in its transition into Mercer’s investment framework.
Joining the fund from BT Super as CIO, Mr Collocott brings proven leadership capabilities to Mercer’s global team of approximately 2,000 investment professionals.
David Bryant, chief executive of Marsh McLennan Pacific and president of Mercer Pacific, said the new additions to the executive team was an important step towards bolstering its offering for Mercer Super members.
“The aim of the merger has always been about bringing the best of our organisations together to deliver better retirement outcomes for our members. Both Andrew and Corrin have a great deal of experience across the industry, and importantly, a shared purpose to make a difference in people’s lives,” Mr Bryant said.
“Andrew and Corrin’s appointments are an important milestone for us, as we start to shape our future together. I’m confident that we have the right leadership team to take us forward for the benefit of our members, our clients, and our people.”
Approximately 350 BT Super and BT Investment Solutions colleagues joined Mercer on 3 April 2023.
Combining the expertise of both BT Super and Mercer following its merger is “just the beginning of a very exciting journey”, Mr Bryant said.
“I truly believe that the merger is a game-changer for Mercer and the industry more broadly, as we set a new bar for retirement outcomes for Australians,” he concluded.
The Mercer Super Trust is now one of the 15 largest funds in Australia with approximately 850,000 members and $63 billion total assets under management.