POWERED BY MOMENTUM MEDIA
Peter Promnitz to retire as Mercer's head of Asia Pacific
Mercer head of Asia Pacific Peter Promnitz will retire from his role at the end of the year to take up an independent non-executive director position.
After leading Mercer's Asia Pacific business for the past five years, Promnitz will become March & McLennan's chairman for Australia as well as non-executive director of Mercer's Australian fiduciary subsidiaries.
He previously held the role of Australia/New Zealand chief executive and is currently a member of Mercer's global executive committee.
Promnitz is also a non-executive director of SFG Australia and will join the board of Australian Unity in January 2013.
David Anderson, managing director and market leader, Pacific, Mercer, will continue to lead the business in Australia and New Zealand. He said Mercer would continue to benefit from Promnitz's extensive industry experience in 2013.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
The fund manager remains positive on the outlook for gold and believes ongoing market volatility will provide opportunities to acquire small-cap stocks in promising sectors.
T. Rowe Price Group VP said investment strategies must adapt to an ageing population, as Australians outlive their retirement savings.
The international asset manager expects AI will reach a point in the near future where it can autonomously manage investments within certain parameters set by fund managers.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
