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.
