Consulting and investment firm Mercer bolstered its leadership team appointing a new president of its global wealth business.

Rich Nuzum takes on the role of president of the global wealth business with immediate effect, Mercer said in a press release. Nuzum joined Mercer in Tokyo in 1992 and was formerly the wealth leader for Mercer’s growth markets.

Throughout his career he held managerial roles in Mercer’s retirement and investment units, for instance leading Mercer’s investments business in Asia including in Singapore, and later in North America.

The firm has more than $200 billion funds under management globally, of which over $30 billion is managed in the Pacific region.