Mercer New Zealand has confirmed the appointment of Ronan McCabe as chief investment officer (CIO) after he held the role in an acting capacity since September 2020. The permanent appointment also sees McCabe promoted to partner.
According to a statement from the Marsh & McLennan-owned firm, McCabe will retain his role as head of portfolio management, Pacific, where he is in charge of the single-sector funds across the Pacific region. He also takes on permanent responsibility for the New Zealand investment team and all Mercer funds in New Zealand.
“Having undertaken a rigorous recruitment process, it is clear to us that Ronan is the right person for the job. Ronan’s dual role will enable him to maintain a strong connection to the business on a regional and global level, and bring the best of Mercer to our clients in New Zealand,” Mercer Pacific CIO Kylie Willment said.
Prior to joining Mercer in 2019, McCabe taught finance at Trinity College in Dublin, Ireland and worked as an investment manager with Ireland’s National Treasury Management Agency.
“I have no doubt that our clients in New Zealand will benefit from the breadth of Ronan’s investment capabilities, as they have over the past four months,” Willment added.
