New York-headquartered consultancy Mercer has appointed Farhad Billimoria as infrastructure leader for the company’s investment business in the Asia Pacific market.
Billimoria will lead Mercer’s infrastructure research coverage in Asia Pacific and be jointly responsible, along with Sydney-based senior consultant Mark Murray, for further strengthening the firm’s presence in the region. He joined Mercer as a principal and is based in the Melbourne office.
“Our work has spanned manager selection and due diligence, strategic portfolio construction work, secondary investing, and co-investment and due diligence advice. Farhad will bring valuable experience and insights to our team to continue such work,” commented Simon Eagleton, Mercer’s investments business leader for the Pacific, in a statement.
Billimoria most recently held a position as portfolio manager within the infrastructure and forestland team of US pension California Public Employees' Retirement System (CalPERS), where he was jointly responsible for the build-out and management of CalPERS’s infrastructure and timberland portfolio.
He was previously part of AMP Capital’s infrastructure and private debt team in New York, as well as a senior member of Access Capital Advisers’s infrastructure and private equity investment team in Australia and North America.
His hire follows the appointment of Toby Buscombe as global head of Mercer’s infrastructure investment team in January. The firm’s infrastructure leader for Europe, Middle East and Africa since 2001, he succeeded Karen Chester, who was hired by the Federal Treasurer and Governor General of Australia to be a Commissioner of the Australian Productivity Commission.
Mercer, which counts about 20,000 staff in 43 countries, is a business services consultancy firm originally focused on executive recruitment and human resources. A subsidiary of New York-listed Marsh & McLennan Companies, it also manages open-ended infrastructure vehicles. These include the Mercer Unlisted Infrastructure Fund.