Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh McLennan ,has named Max Messervy Head of Sustainable Investment (SI), Americas. Max will work across Mercer’s Investment & Retirement business to help bring Mercer’s expertise and scale to uncover top sustainable investment opportunities for its clients around the world.
“Today, 36 percent of workers worldwide are looking for their organization to offer socially responsible and environmentally-friendly investing options in their company’s retirement plans, according to Mercer’s 2022 Global Talent Trends study. Combined with continuing regulatory change, particularly in the US from the Department of Labor and the Securities Exchange Commission, investors and plan sponsors need to be constantly thinking about how to meet the changing demands of their stakeholders as well as their regulatory obligations. Amid a growing market for sustainable investment strategies, investors are looking for robust approaches to managing the risks of climate change and other ESG issues. They also need to understand how to invest and avoid greenwashing when evaluating ESG products,” said Max Messervy.
Mercer’s award-winning Sustainable Investment (SI) team has over 20 dedicated professionals and 45 with integrated SI capabilities globally1. Across Mercer’s Outsourced Chief Investment Officer (OCIO) practice globally to date, Mercer has committed more than USD $80B of diversified funds to net-zero targets and implemented USD $30B in dedicated sustainable investment solutions, across 13 products. Additionally, outside the US, Mercer’s Private Investment Partners (PIP) strategies have deployed capital over the past eight years as part of its dedicated Global Impact strategy2. In the US, PIP VI3, the sixth vintage in Mercer’s PIP series, also featured a newly created fund, “Leap”, which is a dedicated diversity, equity and inclusion-focused (DE&I) strategy available to US investors.
“Mercer’s clients understand the increasing pressure to balance their fiduciary obligations with the interests of broader stakeholders and new ESG and climate-related regulations,” Messervy added. “The shift from voluntary, investor-led sustainability approaches towards greater regulatory scrutiny of sustainable investment practices will impact investors of all sizes across all sectors.”
Based in Boston, Max will be responsible for sustainable investments for clients across North and South America and report to Jo Holden, Global Head of Investment Research, Mercer.
“Since joining Mercer in 2018, Max has helped dozens of clients navigate the shifting regulatory and stakeholder pressures around sustainable investment issues,” said Jo Holden. “His diverse experience with private, government, and not-for-profit sectors will be valuable in helping asset owners as they pursue strong risk-adjusted returns in an increasingly complex environment.”
Max previously held the role of Senior Consultant in Mercer’s US Sustainable Investment team, serving as a strategic advisor on sustainable investment strategies, climate change, and impact investment approaches throughout investment processes. Prior to joining Mercer, Max spent nearly four years working in the Insurance practice at Ceres in Boston, a leading not-for-profit sustainability advocacy organization, and worked in various capacities with Canadian federal and provincial governments. Max holds a Master of Public Policy from the Luskin School of Public Affairs at UCLA, and an Honors Religious Studies degree from McGill University.