Mercer Canada appointing wealth business leader

Mercer Canada is appointing Teresa Palandra as leader of its wealth business.

Palandra will be in charge of investment, wealth management and retirement services and solutions for the Canadian market. She’s taking over from Jean-Philippe Provost as he moves on to lead the multinational plan sponsor client segment of the firm’s global business solutions team.

A partner with Mercer, Palandra most recently headed up the firm’s Toronto office. She has more than 20 years of advisory experience with financial management, design, risk management, plan governance and pension plan administration. She’s also a fellow of the Society of Actuaries and the Canadian Institute of Actuaries, as well as the executive sponsor of the Toronto Women@Mercer chapter and its Canadian racial and ethnic diversity group.

Read: Mercer appoints Canadian and U.S. heads of responsible investing

“I am confident that Teresa’s outstanding leadership and deep knowledge across our business will help drive the team for sustained success in Canada,” said Jaqui Parchment, Mercer Canada’s chief executive officer, in a press release. “Teresa’s diverse and expansive consulting background will ensure we continue to create successful financial outcomes for our clients and their employees.”

In other personnel news, Simon-Alexandre Lachance has taken on a role as senior consultant for group savings and retirement at iA Financial Group.

He was most recently with Willis Towers Watson as a senior retirement associate and has previously worked for Morneau Shepell Ltd. He has more than 10 years’ experience as a group retirement and annuity purchase consultant and is a fellow of the Canadian Institute of Actuaries and the Society of Actuaries.

Read: iA Financial Group launching mental-health support for group benefits plan members