Mercer, the global financial services consultancy and advisory firm, has made two senior appointments for its Asia business.

Mercer, the global financial services consultancy, has made two senior appointments at its wealth management team that caters to banks, insurers and financial planners in Asia.

Edmund Teo has been hired to lead the team in Asia, while Pierre DeGagne has also been appointed to support Teo. Both men will be supported by a 17-strong team, all based in Singapore.

The firm had seen a number of departures in Asia earlier this year but as Cara Williams, Mercer’s global head of wealth management told this publication, it was determined not just to replace them but continue pushing forward in this region. (To view that interview, click here.)

Teo brings over 20 years of experience in the financial services sector. Prior to joining Mercer, he was regional director at Russell Investments advising and structuring investment solutions on a wide range of investment activities. He also held senior client-facing positions at First State Investments, UOB Asset Management and other financial institutions.

Teo reports directly to Williams.

DeGagne joins as a principal consultant in Mercer’s Asia Wealth Management team. He is responsible for providing investment advice and solutions to wealth management companies. He will also be actively involved in financial product risks and assessment. Previously, DeGagne was head of Funds Select at Standard Chartered Bank.