Mercer appoints new Chief Investment Officer, Pacific
Mercer has announced the appointment of Kylie Willment as chief investment officer, Pacific, effective 25 October 2017.
In her new role, Willment will work closely with Mercer’s global Wealth team and be responsible for the investment performance of Mercer’s "suite of diversified funds and asset class building blocks in the Pacific."
Willment joins Mercer from NSW Treasury Corporation (TCorp) where she has held a number of senior investment positions over the past 17 years.
Commenting on her appointment, Simon Eagleton, Mercer’s institutional wealth leader, Pacific said: "Kylie brings with her an impressive set of skills and experience in all aspects of institutional investing. She has a passion for aligning investment strategy with investor needs, and in her time at TCorp, Kylie was very much a key contributor to TCorp’s excellent investment performance track record...Kylie’s experience in designing and managing investment solutions that consistently meet long-term investors’ needs will further differentiate our team. We’re very excited to have Kylie on board."
Willment added: “Mercer is continuing to grow rapidly – both in terms of assets under management and the range of investment clients it serves – and I am looking forward to being part of Mercer’s future success.”
She succeeds Russell Clarke who left Mercer earlier in the year to take on the role of CIO for Victorian Funds Management Corporation.
"People, Culture, Leadership": Q&A with Kylie Willment
- What initially attracted you to a career in finance?
I was always strong in maths at school, so it made sense that I’d gravitate towards something numeric. I actually started an economics degree straight from school but I didn’t like the theoretical nature of it so I switched to commerce. It’s interesting how your thinking and preferences evolve over the course of a career. While I’m still not a massive fan of pure economics, I do now find the uncertain and ambiguous nature of markets, and the various interrelationships, one of the most fascinating (and challenging) elements of my job.
- How have you found your first few months in the role of CIO at Mercer?
In a word - exciting! I’d been at TCorp for a massive chunk of my professional career. I stayed there so long because I felt a strong sense of value alignment, that’s a hard thing to give up. Pleasingly, I already feel the same alignment of values at Mercer. The opportunity to create better lives for Australians in retirement is a huge privilege. As is being able to generate investment income that helps fund the important work done by our endowment and foundation clients. Our clients place an enormous amount of trust in us. That’s a responsibility that everyone at Mercer takes very seriously.
Senior Manager, Investment Advisory and Stewardship
Chief Investment Officer, Pacific