It has handed the role to financial services professional Adam McKenzie.

Having worked with Mercer for 13 years in Melbourne and the UK, McKenzie was most recently a sales leader for the institutional wealth business across Australia.

He brings to Mercer New Zealand more than 20 years’ experience in financial services.

Prior to Mercer, he worked at AMP, National Australia Bank and Aviva.

Mercer New Zealand chief executive Martin Lewington said his expertise would be invaluable for Mercer’s clients locally.

“In Australia, Adam has played an important role in partnering with key clients to help them tackle their wealth challenges, and achieve the best outcomes for their investments,” Lewington said.

“In his new and expanded role as Head of Wealth, New Zealand, Adam will develop and execute our wealth business strategy, lead our team, work with clients and pursue business development opportunities across Institutional and Consumer Wealth,” he said.

McKenzie said Mercer New Zealand’s Wealth business was growing, with clients looking to Mercer for its global expertise.

“Our clients are increasingly looking to us for our insights on a global, regional and local level to gain confidence in their investments while we navigate a volatile investment outlook.

“As the largest implemented consulting provider and largest investment consultant in the world, we have the scale and the know-how to help clients achieve their investment goals while managing risks and resources."

McKenzie joins Mercer on July 1.