GLOBAL - Mercer has announced a shake-up of its global business across its investment and retirement, risk and finance business that will see Andrew Kirton become global chief investment officer.

Phil de Cristo, president and group executive of investments, and Simon O'Regan, president of the retirement, risk and finance (RR&F) consulting business, will retain their positions, with Kirton, previously global head of investment consulting, reporting to de Cristo.

Mercer's general counsel David Goldenberg, who will shift to the investment business, has been named global head of solutions management, reporting again to de Cristo. A replacement for Goldenberg will be announced in the coming weeks.

Speaking of the appointments, M Michele Burns, chairman and chief executive of the consultancy, said: "Mercer is committed to demonstrating global leadership in investment intellectual capital, manager research and multi-manager investment solutions and to integrate the firm's expertise to solve our clients' most pressing issues."

Asghar Alam, former US regional business leader for RR&F, has been promoted and will assume Kirton's previous role as global head of investment consulting.

Alam will be succeeded by Jacques Goulet, current regional business leader for EMEA, in a promotion that will see him move to the US, while Gilles Beneplanc will become acting regional business leader in addition to his responsibilities as business leader of EMEA.

Jeff Schutes will continue as leader of Mercer investment consulting in the US, while Rich Nuzum will continue as president and global business leader of the investment management business.