Mercer has appointed Ross Butler as the first independent director to the board of its in-house trustee company, Mercer Investment Nominees (MINL).
MINL oversees the governance of most of Mercer New Zealand’s KiwiSaver and superannuation products. The board also monitors adherence to legislative and compliance requirements and is responsible for issuing prospectuses and investment statements for various publicly offered superannuation and KiwiSaver schemes.
In addition to Butler's appointment, Martin Stevenson, a Partner in Mercer’s Retirement, Risk & Finance business has joined the MINL board. He is based in Sydney and also acts as a member of the MINL (Australia) board and is a former President of the Institute of Actuaries of Australia.
Butler and Stevenson join Mercer executives Graeme Cosgrove and Peter Promnitz to make up the four directors of the board.
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