River and Mercantile Solutions Expands US Footprint, Adds Two Managing Directors and Opens New York Office
BOSTON, June 18, 2018 – P-Solve (which will be rebranding to River and Mercantile Solutions on July 1) announced today the appointments of Tom Cassara and David Rosenblum as Managing Directors and members of the US Leadership Team. These hires will open an office in New York City as part of the expansion of the firm.
“The addition of Tom and Dave to our US team further solidifies River and Mercantile’s position in the marketplace as we rebrand from P-Solve and expand our leadership as an actuarial and investment solutions consulting firm,” said Ryan McGlothlin, Global Head of Strategic Relationships. “Their expertise and leadership will accelerate our growth in the retirement plan consulting space.”
Cassara was most recently a senior partner, investment consultant and business leader with Mercer where he worked since 1989. He is a graduate of Wake Forest University with a degree in Mathematics, a Fellow of the Society of Actuaries, and an Enrolled Actuary. He is also a Chartered Financial Analyst (CFA).
Rosenblum was also a senior partner, consulting actuary and business leader with Mercer where he has over 30 years of experience. He is a graduate of Colgate University with a degree in Economics, a Fellow of the Society of Actuaries, and an Enrolled Actuary.
“I am excited to be part of an innovative team focused on solving client problems at River and Mercantile,” said David. “The caliber and capabilities of this firm and its employees will allow us as an organization to provide customized consulting services to the full range of retirement plan sponsors.”
“To be a part of an organization like the River and Mercantile Group with their highly effective solutions and products is exciting. I am enthusiastic to be able to help implement effective and innovative solutions, like derivatives, for example, to solve complex retirement plan problems,” added Tom.
River and Mercantile Solutions provides investment consulting, actuarial consulting and fiduciary investment management services to institutional investors. The firm provides services to defined benefit and defined contribution retirement plans, insurance companies, insurance captives, endowments, and foundations.
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Tom Cassara is a Managing Director in River and Mercantile’s New York office. In his role he consults with institutional clients across the investment and actuarial spectrum. This includes defined benefit, defined contribution, not for profit and retiree medical. Tom works with clients to bring his 30 years of experience across a wide range of institutional organizations to provide custom solutions.
Prior to joining River and Mercantile, Tom was a Senior Partner with Mercer leading their US East Wealth business in addition to providing strategic investment and actuarial advice to clients. He has consulted to organizations with less than $100M in assets to greater than $5B in assets. Included in his experience is working with corporate, not for profit, church, healthcare and endowments and foundations.
He is a Fellow of the Society of Actuaries, an Enrolled Actuary, a CFA charterholder and has a Series 3 license. Tom has a Bachelor of Science degree from Wake Forest University.
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David Rosenblum is a Managing Director and Consulting Actuary in River and Mercantile Solutions’ New York City office.
In his role he consults on all aspects of retirement plans, including financial management, plan design, exit strategies and multiple employer plan consulting.
Prior to joining River and Mercantile Solutions, David was at Mercer for 29 years where he led the NY Retirement and Wealth Business and was a member of the US Leadership team. During this time, he gained significant experience consulting to numerous Fortune 500 and Fortune 100 companies with jumbo defined benefit plans. He was an innovation leader at Mercer, developing new and unique pension strategies. David also has been a speaker on workforce and pension cost savings strategies at SOA, World at Work and CIEBA conferences.
He is a Fellow of the Society of Actuaries, an Enrolled Actuary and a Member of the American Academy of Actuaries. David graduated from Colgate University with a BA in Economics.