Even as many U.S. baby boomers are deciding to postpone or even reject retirement, Mercer, the consulting giant, is bulking up its retirement services in developing nations.
The company announced Tuesday it had created two new management positions aimed at securing more business in such markets as Asia, the Middle East, Africa and Latin America.
The company promoted Akhil Sethi from global COO and regional business leader-Latin America, to director of its retirement business in emerging markets. At the same time, Jeff Schutes was named head of investments business in emerging markets, after spending 18 months as Mercer's global leader of its wealth management team and manager of research.
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