Investment consultant Mercer has hired the man who traded the first liability-driven investment hedges, pioneered for Dutch pension funds and insurers, as its new head of asset liability management.

Jeroen Wilbrink was the architect of LDI strategies, which help to protect portfolios against changes in interest rates and inflation, for Dutch groups in the 1990s. He joins Mercer after 10 months with Secor Asset Management, where he led the firm's London office.