Phil Parkinson has been named as the new CEO of investments and pensions consultancy Mercer UK.
Subject to regulatory approval, Mr. Parkinson is expected to take up his new role in the coming weeks and will report both to Pat Tomlinson, president and CEO of Mercer, and to Lisa Quest when she takes up the role of Marsh UK CEO on 6 April.
As CEO of Mercer UK, Mr. Parkinson will lead the strategic development and execution of Mercer UK commercial strategy, which encompasses its health and benefits, investments and retirement, and workforce and rewards businesses.
Parkinson succeeds Benoit Hudon, who is leaving the business “to pursue other opportunities”, according to a press statement published Marsh, the New York listed owner of Mercer.
Parkinson joined Mercer in 2007 and was appointed as UK wealth business leader, responsible for its investments and retirement business, in 2022. He began his career at Mercer as an investment consultant in London and held numerous international leadership positions during his time with the firm.
Tomlinson said: “Phil is a highly talented leader who has built a very successful career with Mercer and has earned the respect of his clients and colleagues alike. His experience will be invaluable as we support our UK clients in navigating an increasingly complex economic environment and achieving successful outcomes for their stakeholders. I would also like to thank Benoit for his leadership of Mercer and the positive culture he has instilled in his time as CEO; we wish him every success in his future endeavours.”
