19 Jun 2018 15:31
19 June 2018
River and Mercantile Group PLC
Strategic Update - Staff appointment and office establishment
River and Mercantile Group ("the Group") today announces the hiring of David Rosenblum and Tom Cassara, and the establishment of a New York City office.
David joins as a Managing Director and a member of the US Solutions Leadership Team. David previously worked for Mercer where he was most recently the Wealth Business Leader for the New York Metro area. He is a graduate of Colgate University with a degree in Economics, a Fellow of the Society of Actuaries and an Enrolled Actuary with over 30 years of experience.
Tom Cassara also joins as a Managing Director and member of the US Solutions Leadership Team. Tom previously worked for Mercer where he was most recently the East Market Wealth Business Leader. He is a graduate of Wake Forest University with a degree in Mathematics, a Fellow of the Society of Actuaries and an Enrolled Actuary with over 30 years of experience.
Jack Berry, Head of Global Solutions said: "The addition of Tom and Dave to our US team enhances River and Mercantile's position in the US actuarial and investment solutions marketplace. Their significant expertise and profile, combined with our increased presence in the New York area will help to accelerate our growth in these areas."
Mike Faulkner, CEO said: "We are pleased to welcome Tom and Dave to River and Mercantile. We have previously stated that we will invest to grow our distribution channels and we see more difficult markets leading to increased opportunities for the Group. We will continue to invest where we see opportunity to sustainably drive growth."
Notes to editors:
River and Mercantile Group ("the Group") is an investment solutions business with a broad range of services, from consulting and advisory, to fully delegated fiduciary management and asset management.
River and Mercantile Group ("the Group") is focussed on creating investment solutions for institutional pension schemes, insurance and financial intermediaries and operates through four divisions: Investment Solutions encompassing both advisory and fiduciary management, Derivatives Solutions providing structured equity and Liability Driven Investing (LDI), Equity Solutions providing UK and global equity strategies and Multi Asset Solutions, providing dynamic asset allocation and other multi asset based solutions.
For further information please contact:
River & Mercantile Group PLC +44 (0)20 3327 5100
Kevin Hayes, Chief Financial Officer
Chris Rutt, Deputy Chief Financial Officer and Investor Relations