Institutional Investors

Mass PRIM’s Mavromates leaves for CIO post at Mercer

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Stanley Mavromates joined Mercer Investments as chief investment officer for the Americas in late June after 12 years at the $50 billion Massachusetts Pension Reserves Investment Management Board, where he was chief investment officer.

He will still be based in Boston and succeeds Tom Murphy, US head of fiduciary management, and Yvan Breton, head of fiduciary management for Canada and Latin America, who jointly served as interim Americas CIO.

The Massachusetts PRIM board decided to keep Arden Asset Management on board recently to liquidate its funds of hedge funds programme that dates back to 2004. PRIM was a