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Global Professional Services Firm Names Head Of Wealth Management In Asia
Tom Burroughes
30 October 2013
Mercer, the global professional services firm, announced
today it has appointed Steven Seow as head of wealth management in Asia, the company confirmed to this publication after it
had heard of the move. The appointment was announced today by Cara Williams, senior
partner and global head of Mercer Investment’s Global Wealth Management
business. Seow will be based in Singapore. He is replacing Edmund Teo who left Mercer in April to pursue other opportunities, a spokesperson for the firm told this publication. “Mr Seow’s appointment comes at a time of significant
expansion of Mercer’s wealth management services globally,” said in a
statement. Previously, Seow was director of banking and wealth management
at Ernst & Young Advisory, which he joined in 2008. In this role, he led
the Singapore wealth
management team to provide private banks and retail banks in Asia
with business advisory services in investment suitability, product development,
front-to-back office enabling technology and business operations controls. His
previous experience in the field of private banking includes Citi Private Bank,
IBM Business Consulting, PwC Consulting and Odyssey Financial Technologies. Among recent expansion moves by Mercer include its
introduction of the Mercer Advisor Portal (MAP). Wealth managers, private
client asset managers, private banks and financial advisors can access, through
the portal, institutional-quality research and analytical tools to help improve
the performance of their clients’ assets. “Steven’s credentials are very relevant to the expansion of
services Mercer is bringing to the wealth market,” said Williams. “He brings an
impressive depth and breadth of experience serving the institutions in Asia that cater to wealth management clients, and we are
delighted to have the benefit of his leadership as we continue to invest in
Mercer’s wealth management capabilities globally and in the region.”