Mercer Global Advisors, one of the largest and fastest-growing registered investment advisors in the nation with $56 billion in assets, has hired Gün Keresteci as chief financial officer. He joins from McKinsey & Company, where he was global head of finance.
Keresteci replaces Michael Henry, who has shifted into the role of vice president of M&A finance. He served as CFO since 2020.
Mercer recently hired five new executives to fill out its M&A partner development and integration teams and bolster 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, Mercer’s president. Prior to that, he held private equity roles at Alliance Bernstein, Marathon Asset Management and Lightyear Capital.
“Hiring a person of Gün’s caliber, a leader with vast multi-disciplinary 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 in the last year, excluding those who joined through acquisitions over that period.
Mercer has been one of the nation’s most active acquirers. Its 2023 M&A total of 12 additions followed its most active year on record, 2022, when the RIA announced 20 deals totaling about $13 billion in transacted assets.
Founded in 1985, Mercer has 80 office locations in 31 states, with about 1,060 employees—including close to 780 advisors.
Majority owned by Genstar, Oak Hill Capital and Altas Partners, Mercer has grown assets by more than 300% since 2017. On a mission to establish itself as a national RIA, Mercer refreshed its branding and messaging early last year to reflect that goal.
