Mercer has hired Bettina Nürk, who was formerly responsible for Nestlé’s pension funds in Germany, to lead a new division within the consultancy.
Nürk, responsible for investment management and employee benefits while at the Swiss food company, began her new role at Mercer at the beginning of the month.
She is to lead its newly launched consultancy for Pensionsfonds.
At Nestlé, Nürk was in charge of the company’s German Pensionskassen, but also its Pensionsfonds.
Last year, she helped establish the Nestlé Pensionsfond (NPF) as a cross-border vehicle, the first of its kind, which allowed employees of Nestlé’s Austrian business to join the vehicle.
Nürk was previously managing director of publishing house Uhlenbruch and has worked at JP Morgan Asset Management and DekaBank, where she was responsible for institutional relationship management.
She began her career at Deutsche Bank Research, after completing her doctorate.
Uwe Buchem, Mercer’s head of retirement for Germany, Austria and Switzerland, said he was pleased to be able to appoint Nürk as head of the new division.
“We are reacting to companies’ growing interest in using Pensionsfonds for the provision of retirement benefits,” he said.
“I am convinced Dr Nürk, with her wide-ranging experience and know-how, will meet all requirements for our new offering to succeed.”