Over recent months, Mercer Investment Consulting has made new hires for its real estate consulting business. Following the abandonment of its proposed acquisition of Callan Associates, Mercer opted to create a US-based real estate team so as to improve its real estate coverage. The investment consultant recently hired Chad McWhorter as an associate in its US real estate team. Mr McWhorter will be looking after client accounts, as well as conducting research on commingled funds offered by US-based real estate managers.
Towards the end of Q2 2009, Mercer Investment Consulting began expanding its real estate consulting operations on a global scale and is pushing to have staff in all regions where its clients may look to invest. Fred Tang and John Willis have also been recruited as senior real estate researchers for the firm’s Hong Kong and Sydney offices respectively.
In July 2009, the firm also appointed a new senior researcher to its real estate team, David Nix. Mr Nix’s role is to conduct research and analysis on value added and opportunistic commingled funds that will mostly be investing in real estate assets in North America. Due to the value of core real estate assets dropping, Mercer Investment Consulting is focusing on opportunistic and value added funds. Mercer is also looking to add one more person to its London real estate team by the end of 2009.
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