Jaqui Parchment promoted to CEO of Mercer Canada
Jaqui Parchment has been promoted to the position of Mercer Canada CEO. The former Toronto office leader replaces Louis Gagnon, who served as CEO since 2015. Gagnon moves on to fill the role of US & Canada Region President at the global HR consultancy.
A more than 20-year veteran of Mercer, Parchment will now lead the firm’s 1000 Canadian professionals working across 12 offices, coast-to-coast. She will help guide the firm’s continued growth, delivering leading solutions for clients in the areas of health, wealth, and career. The seasoned consulting professional has over 30 years of experience in the areas of retirement savings and investment.
Before becoming CEO, Parchment led the 500+ employees at Mercer Canada’s largest office, in Toronto, for almost two years. During that time, she also served as a Senior Consultant in Mercer Canada’s Wealth business. Before that, Parchment led the firm’s Investments business in Canada.
Parchment is the former Canadian Chair of Women@Mercer and When Women Thrive, and is a frequent speaker on issues relating to workplace diversity. She holds a Bachelor’s Degree in Mathematics and Actuarial Science from the University of Waterloo, and is an Associate of the Society of Actuaries as well as a CFA Charterholder.
In her new role as Canada CEO, Parchment succeeds Louis Gagnon, who was promoted to US & Canada Region President. She will report to the new regional president, a 30-year veteran of Mercer who served as Canada CEO for three years.
“Jaqui’s leadership, grounded in her significant experience across our business, will position our team for continued success in Canada,” said Louis Gagnon. “Her track record of anticipating and meeting diverse client needs will ensure we continue to delight our clients with our full suite of ideas and solutions.”
The global consulting giant – which has over 23,000 employees and revenues in excess of US$4 billion – has Canadian roots, having been founded in Vancouver in 1937 before being acquired by Marsh & McLennan in 1959.
In other Mercer Canada news, the company acquired Winnipeg-based investment consultancy Pavilion Financial earlier this year. With US$685 billion under advisement, the addition of Pavilion’s investment advisory strength further reinforced Mercer’s wealth management capabilities. Mercer had $11 billion in assets under advisement as of June 30, 2018.
