Updated

Updated · InvestmentNews · Aug 24

Mercer Appoints 20-Year BlackRock Veteran Thomas Cannataro to Lead US Wealth Management

Updated

Updated · InvestmentNews · Aug 24

Mercer Appoints 20-Year BlackRock Veteran Thomas Cannataro to Lead US Wealth Management

1 articles · Updated · InvestmentNews · Aug 24

Effective immediately, Mercer named Thomas Cannataro its US Wealth Management Leader, putting a longtime BlackRock executive in charge of expanding the business nationwide.
More than 20 years at BlackRock shaped Cannataro’s remit: he most recently led portfolio design and models distribution, a national business focused on advisor adoption of model portfolios and portfolio-construction tools.
Anne Marie Schultz, Mercer’s US Investments Commercial Leader, said Cannataro will help unlock the firm’s strengths and drive commercial growth; he will report directly to her.
Mercer, part of Marsh McLennan, is pushing to deepen its position in the US wealth market, where independent and fee-based advisors remain a growing client base.

Sources

After 20 years at BlackRock, can Thomas Cannataro successfully pivot Mercer's wealth management strategy to dominate the high-net-worth market?

Will macro volatility and the intergenerational wealth transfer force Mercer to completely overhaul its portfolio construction under new leadership?

Can a massive firm like Mercer truly deliver the bespoke, high-touch family office experience that wealthy clients now demand?

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