Mercer appoints Billmoria as infrastructure leader
Mercer has moved to strengthen its specialist infrastructure investment team and alternative asset advisory capabilities with the appointment of Farhad Billmoria as Infrastructure Leader for Mercer’s Investments business in the Pacific market.
The company said Farhad would lead Mercer’s infrastructure research coverage in the Pacific and be jointly responsible with Sydney-based senior consultant Mark Murray for building on the success of Mercer’s Global Infrastructure Team in the Pacific, as well as supporting the team globally.
Commenting on the appointment, Mercer’s Investments Business Leader for the Pacific, Simon Eagleton said it marked an important milestone in the development of the company’s alternative assets advisory capability, which was an important growth segment.
“Mercer has achieved a number of significant wins advising on infrastructure investments over the past two years, including engagements for some of the largest pension and institutional investors in Australia, Asia and North America,” he said.
Billmoria most recently held a position as portfolio manager at California Public Employees’ Retirement System’s (CalPERS), Infrastructure & Forestland team, where he was jointly responsible for the build-out and management of CalPER’s multi-billion dollar infrastructure and timberland portfolio.
He was also previously part of AMP Capital’s Infrastructure & Private Debt team in New York, as well as a senior member of Australian boutique Access Capital Advisers’ infrastructure and private equity investment team in Australia and North America.
Recommended for you
As the first quarter of 2024 comes to a close, Money Management looks back on the corporate regulator’s bans and AFSL cancellations in the financial advice sector.
Insignia Financial is holding ‘relatively steady’ onto its rank as Australia’s second-largest financial advice licensee after the Godfrey Pembroke exit but Count is hot on its heels.
Liberal senator Slade Brockman has said the government needs to have a “cold hard look” at the level of regulation in the financial advice space and the costs of running a business.
FAAA chief executive, Sarah Abood, has warned changes in the first tranche of the QAR legislation around advice fees documentation could create more work for advisers rather than less.