Mercer Global Advisors, one of the largest and fastest-growing registered investment advisors in the country with $56 billion in assets, has hired Gün Keresteci as CFO. He joins from McKinsey & Company, where he was global head of finance.
Keresteci replaces Michael Henry, who has moved to the role of vice president of M&A finance. He served as CFO since 2020.
Mercer recently hired five new executives to complement the development and integration teams of M&A partners and to strengthen its inorganic growth.
Keresteci spent the last 11 years at McKinsey in a variety of finance roles. During that time, he crossed paths with Daniel Gourvitch, president of Mercer. Prior to that, he held private equity roles at Alliance Bernstein, Marathon Asset Management and Lightyear Capital.
“Hiring someone of Gün's caliber, a leader with extensive multidisciplinary experience, reinforces our commitment to building the preeminent fiduciary financial advisory firm,” said Dave Welling, CEO of Mercer Advisors, in a statement.
Mercer has added over 260 professionals over the past year, excluding those who joined through acquisitions during that period.
Mercer has been one of the country's most active buyers. A total of 12 M&A additions for 2023 followed its most active year on record, 2022, when the RIA announced 20 deals totaling approximately $13 billion in transacted assets.
Founded in 1985, Mercer has 80 office locations in 31 states, with approximately 1,060 employees, including approximately 780 advisors.
Majority owned by Start again, start again, Capital Oak Hill AND Altas PartnersMercer has increased assets by more than 300% since 2017. On a mission to establish itself as a national RIA, Mercer refreshed its brand and messaging beginning of last year to reflect this purpose.