Dubai, United Arab Emirates, 26 November 2019 – Mercer, a global consulting leader in advancing Health, Wealth and Career, and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), today announced the appointment of Tarek Lotfy, as Zone Leader & CEO for IMETA, which comprises India, the Middle East, Turkey and Africa. He will also serve as CEO, United Arab Emirates (UAE). Mr. Lotfy will join the firm in January 2020 and report to David Anderson, President, International.
In his new role, Mr. Lotfy will be responsible for building on Mercer’s continued growth across IMETA, driving collaboration across various teams and offices to maximize outcomes for clients and colleagues.
Commenting on the appointment, Mr. Anderson said: “Mercer in IMETA has witnessed outstanding growth over the past few years and is currently the fastest growing region across our International geographic portfolio. I am confident with the current IMETA leadership team and Tarek’s considerable expertise and background in asset management, we will further strengthen our operations across the region while continuing to deliver high quality services to our clients.”
Mr. Lotfy brings more than 20 years of experience to the role. Most recently, he served as President, GCC at Arqaam Capital, a well-established regional investment bank with a presence across the Gulf Cooperative Council (GCC), Egypt and South Africa. Prior to joining Arqaam Capital in 2009, Tarek was Head of Middle East & North Africa at Deutsche Asset Management.
Speaking about his new role, Mr. Lotfy said: “I am delighted to be joining Mercer and I look forward to working with the teams, clients and partners across IMETA to continue the success story of Mercer in the region.”
Mr. Lotfy succeeds Mustafa Faizani who was recently appointed Mercer’s West Market Wealth Business Leader in the U.S. Peter Botha, Mercer Marsh Benefits (MMB) Africa Leader and Mercer Africa CEO, who has taken the interim leadership role over UAE & IMETA will take on an expanded role as Mercer’s Growth Leader for the Middle East and Africa while retaining his MMB Leader role for Africa.
Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 83,000 colleagues and annual revenue of approximately $20 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit mercer.com. Follow Mercer on LinkedIn and Twitter.