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Mercer names Tarek Lotfy as CEO for India, Middle East, Turkey and Africa

By Asia Asset Management  
Nov 29, 2019

US consulting firm Mercer has hired Tarek Lotfy as zone leader and chief executive officer for India, Middle East, Turkey and Africa, succeeding Mustafa Faizani, who has been appointed as the firm’s west market wealth business leader in the US.

Mr. Lotfy will also take over Mr. Mustafa’s role as Mercer’s United Arab Emirates CEO.

He will join the consultancy in January and report to David Anderson, Mercer’s president, international, the company says in a statement on November 27.

He will be based in Dubai.

Mr. Lotfy previously worked at Arqaam Capital, a Dubai-based investment bank, where he was president for the Gulf Cooperation Council. Prior to that, he was head of Middle East and North Africa at Deutsche Asset Management.

Mr. Anderson says the India, Middle East, Turkey and Africa region has seen “outstanding growth” in recent years.

“I am confident with the current [regional Mercer] 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,” he says in the statement.

According to latest available figures, New York-based Mercer had approximately US$242 billion of assets under delegated management globally as at June 30, 2018, and more than $11 trillion of assets under advisement.