Mercer adds to wealth team

Mercer continues to bump up its wealth distribution team by adding two new staffers.

Matthew Young and Staten Janes have both been hired as senior sales leaders, based in Sydney.

Young joined FIIG Securities, where he was head of intermediary distribution for nine months.

He brings experience from previous roles at Centuria Capital Group and Cromwell Property Group.

He previously spent eight years at Robeco as regional wholesale manager, where he helped build up the brand and develop and manage client relationships.

Before that, he spent four years at BlackRock and Colonial First State as a business development manager.

For his part, Janes arrives from Evergreen Consultants, where he served as head of strategic partnerships for a short time. He previously spent 11 years at AMP as state sales manager for New South Wales.

In that role, he oversaw ten business development managers and support staff (representing over 950 practices with over $30 billion in funds under management.

Janes worked at  BT and MLC.

"As the needs of financial advisers grow, we are seeing increased demand for our deep expertise in specialised portfolio solutions. Matt Young and Staten Janes' appointments grow our capacity and will further strengthen our team," a Mercer spokesperson said.

Last week Mercer strengthened its investment team by appointing Amber Morgan as sales leader.

Amber Morgan was at Northern Trust AM for almost two years developing investment solutions for asset owners like super funds, endowments and foundations, family offices, and sovereign wealth funds.

Before Northern Trust, Morgan spent four years at Mercer in Australia as the head of institutional sales and strategy.

Separately, FIIG will face court over allegations of longstanding cybersecurity failures which saw the private data of more than 18,000 clients stolen and released on the dark web.

According to ASIC, FIIG failed to have adequate cyber risk management systems in place for a period of four years - from March 2019 to June 2023.