Rest has appointed a seasoned executive to lead its newly formed internal global equities division. : Joining the $76 billion industry fund, Richard Mercado is charged with constructing an internal global equities management capability, implementing an active, fundamental stock-picking strategy that complements Rest's investment internalisation strategy. He was previously a partner at Paris-based asset manager Comgest, serving as a high-conviction portfolio manager specialising in global equities. Additionally, he's been a senior portfolio manager for a North American equities fund at USS Investment Management, the UK's largest pension fund, with prior positions at F&C Investments, Capital Partners, and AMP Capital Investors.