Mercer adds two senior partners to alliance advisory wing
Investment advisory firm Mercer has expanded its covenants advisory team with two senior hires. Both Kriti Chandnani and Joe Hornsby join as senior partners as the firm seeks to grow its practice.
A pension arrangement – as defined by the pension regulator – is the employer’s legal obligation and financial ability to support their defined benefit plan now and in the future. This makes corporate engagement essential for most pension plans, and important for pension plan regulators, members and sponsors, when it comes to plan valuations and mergers and acquisitions, as well than the status quo.
Mercer’s Engagement Advisory team is led by Partner Darren Masters and works with directors to help them gain a good understanding of engagement operations, support assessments, provide a good foundation for negotiations with the employer and to meet the expectations of regulators. The company is currently working to expand the team, increasing it to 15 people and covering the whole of the UK.
Kriti Chandnani is one of the newest additions to the team. A qualified accountant with a background in equity research and corporate finance, she comes from Argyll Covenant, bringing with her extensive experience working with trustees and corporations, advising on the impact of restructuring, transactions and performance monitoring.
Joe Hornby also arrives with significant experience under his belt. A qualified accountant with a background in auditing, Hornsby’s previous role as a lead covenanter at TPT Retirement Solutions gave him knowledge in a wide range of industries including logistics, engineering, retail, manufacturing food, housing, financial services and not-for-profit organizations. Earlier in his career, he also held the position of Deputy Director of Audit at the professional services firm Mazars.
Andrew Ward, Partner and Head of Risk Transfer and Journey Planning DB, said, “Kriti and Joe are great additions to Mercer’s covenant offering, bringing a wide range of experiences to an exciting time. for our business and the covenants industry. They will help the team provide high quality advice to pension plan trustees and corporate sponsors across our client base and with new opportunities.
These appointments are another step in Mercer’s development of a leadership role in the covenants advisory market. The new signings join the arrivals of Adam D’Souza, Brandy Mukasa and Michael Fenton who joined in the last 12 months.