By contrast, more searches were completed globally via Mercer in 2012 than the year before, with emerging market assets proving especially popular.
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The firm is set to announce new responsibilities for Deborah Bannon, Garry Hawker and Michelle Ng in Asia following its global restructure, saying it is looking for some stability.
The consultancy has streamlined its focus to include growth markets and reshuffled its management team. Asia-Pacific investments leader Stephen Roberts departs.
The consultancy appoints former AIG staffer Gaurav Garg in a global role to lead sustainable growth across Asia, Middle East, Africa and Latin America.
The consultancy has just received a dealing licence in Hong Kong, in a further expansion of its investment-management business in the region.
The third and final member of the group’s Singapore-based wealth management consulting team left last week, but new hires are planned.
The firm looks to a new growth phase after receiving AM and advisory licences in Seoul and eyes a tie-up in Japan. It is also upping marketing of its wealth management offering.
The investment consultancy has named a market leader and a head of investment management, both for Greater China.
Asia chief investment officer Russell Clarke will assume a newly created global CIO role in London and is replaced by senior portfolio manager Andrew Howard.
The investment consultancy looks to challenge rival Towers Watson in Malaysia by offering domestic equities and fixed-income fund performance data.
The consultancy believes some clients need to raise emerging-market exposure up to 10 times present levels to better reflect global economic reality.
Firms offering transition management could be affected by forthcoming rules that reduce their ability to warehouse risk.
