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Financial Advisory  |  September 19, 2023
Mercer Names Olaolu Aganga US CIO
By: Joe Palmisano

Mercer Names Olaolu Aganga US CIO

Mercer, a business of Marsh McLennan, appointed former Blackrock managing director Olaolu Aganga Partner, US CIO, effective today.

Aganga will report to Hooman Kaveh, Global CIO, and join the leadership team for Mercer’s US Outsourced Chief Investment Officer (OCIO) practice.

Based in New York, Aganga will lead the US OCIO investment team to implement and deliver all aspects of Mercer’s investment processes, including strategic and dynamic asset allocation, fund manager selection, as well as risk management across Mercer’s US OCIO client base.

“I’m joining a strong, global team of investment professionals and look forward to working alongside them to continue to deliver bespoke investment solutions and drive better investment outcomes for our clients,” said Aganga.

Prior to BlackRock, Aganga advised institutional clients on a variety of investment solutions for Goldman Sachs.

Mercer partners with clients who want to outsource some or all their investment decisions and operations, saving them time, improving governance, and reacting to changing markets. Mercer’s OCIO business has experienced significant growth in recent years, reaching $393 billion in global assets under management, according to the firm.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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