Mercer names Todd Guilfoyle as Taft-Hartley Sales Leader for its US Outsourcing business

Norwood, MA, 26 May 2010

Mercer announced today that it has named Todd Guilfoyle as Taft-Hartley Sales Leader for its US Outsourcing business, a new position. Effective immediately, Mr. Guilfoyle will be responsible for all business development activities for Mercer’s Taft-Hartley administration services, and will report to Kerry Sain, US Sales Leader.  Based in Norwood, Massachusetts, Mr. Guilfoyle brings nearly 15 years of retirement industry experience to the position, including more than six years focused on sales in the Taft-Hartley market.  His appointment reinforces Mercer’s commitment to expanding its presence in the Taft-Hartley defined contribution administration market.
 
“We are very excited to welcome Todd and bring his deep Taft-Hartley knowledge and skill set to Mercer,” said Dave Tolve, Retirement Business Leader for Mercer’s US Outsourcing business.  “As shown by Todd’s appointment and by our recent naming of Doug DeNigris as Taft-Hartley Business Leader, Mercer is fully committed to the success of our multi-employer administration clients and to Taft-Hartley as a growth market.”

Prior to joining Mercer, Mr. Guilfoyle served as Taft-Hartley Retirement Sales Consultant with New York Life Investments.  Prior to his time with New York Life Investments, he held related positions of increasing responsibility with Fidelity Investments, Trust Consultants, and State Street Global Advisors.

Mr. Guilfoyle holds a Bachelor of Arts in Economics from Colby College, Waterville, Maine.

Mercer’s proven track record in the Taft-Hartley space extends to its member communication programs.  Most recently, one of Mercer’s largest Taft-Hartley defined contribution clients, Electrical Contractors’ Association and IBEW Local 134 Pension Plan No. 5, achieved first place in the plan conversions category for unions for the 2010 Eddy Awards, which recognize outstanding efforts to educate participants about their DC plans and investments.  The member education campaign was developed by Mercer on behalf of the plan sponsor.  

Mercer is a leading provider of DC administration and consulting services in the Taft-Hartley market.  Mercer’s Outsourcing business provides DC administration services for nearly 60 union clients, representing nearly 300,000 members.

About Mercer
Mercer is a leading global provider of consulting, outsourcing and investment services. Mercer works with clients to solve their most complex benefit and human capital issues, designing and helping manage health, retirement and other benefits. It is a leader in benefit outsourcing. Mercer’s investment services include investment consulting and multi-manager investment management. Mercer’s 18,000 employees are based in more than 40 countries. The company is a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago and London stock exchanges. For more information, visit www.mercer.com.

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