Marsh Appoints Martin South President, US and Canada Division

Veteran International Executive to Lead Marsh’s Largest Region

Marsh Realigns Its Businesses in Asia-Pacific

NEW YORK--(BUSINESS WIRE)-- Marsh, a leading insurance broker and risk advisor, and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE:MMC), announced today that it has appointed Martin South as President, US and Canada division, effective September 1, 2016. Mr. South will report to John Doyle, President of Marsh, and will be based in Marsh’s New York office. Mr. South will oversee Marsh’s US core brokerage, businesses in Canada, and portfolio of US businesses encompassing industries and practices.

Prior to this appointment, Mr. South served as CEO of Marsh’s Asia-Pacific region since 2013. As President, US and Canada division, Mr. South succeeds Rob Bentley, who has transitioned to work on strategic initiatives across Marsh & McLennan Companies’ Risk and Insurance Services (RIS) segment, which includes both Marsh and Guy Carpenter.

A veteran insurance industry executive with 30 years of global operating experience, Mr. South previously served as CEO of Marsh Europe, and prior to that, CEO of Marsh UK & Ireland. Mr. South’s industry experience also includes senior leadership roles at Zurich Financial Services, where he was a member of the Group Management Board, responsible for all of Zurich’s operations outside North America and Europe.

“I look forward to working closely with Martin to deliver superior value to our clients in the US and Canada at this important time in our industry,” Mr. Doyle said. “In today’s evolving and dynamic environment, our clients rely on their trusted advisors to help them navigate the rapidly shifting landscape. Martin’s appointment reflects Marsh’s continued commitment to seasoned regional leadership and delivering cutting-edge capabilities to help our clients address the opportunities of the day.”

“Martin is a highly accomplished and talented executive who’s consistently produced results in important Marsh leadership roles around the world,” said Peter Zaffino, CEO of Marsh, and Chairman of Marsh & McLennan Companies’ Risk and Insurance Services. "I’m delighted to have Martin leading our North American business.”

Marsh Realigns Its Businesses in Asia-Pacific and the Middle East

In connection with Mr. South’s new appointment, Marsh’s businesses in Asia-Pacific and the Middle East, which previously reported to Mr. South, have been realigned into three regional units reporting to Mr. Doyle:

• Marsh Asia: David Jacob has been appointed CEO of Marsh’s business in Asia, based in Singapore, reporting to Mr. Doyle. Marsh Asia serves clients in the world’s fastest growing region, consisting of: China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, and Vietnam. An executive with 26 years of experience with Marsh, including 21 years in Asia, most recently David served as Asia Sales and Specialty Leader. Previously, David served as CEO of Marsh Hong Kong and Marsh Philippines.
• Marsh Pacific: Scott Leney will continue to serve as CEO of Marsh Pacific, based in Sydney. Marsh Pacific serves clients in the newly configured region, which includes Australia, New Zealand, Papua New Guinea, and Fiji. Consistent with Marsh’s regional realignment, Mr. Leney will now report to Mr. Doyle.
• Marsh Middle East: Stephen Lundin will continue to serve as CEO of Marsh Middle East, based in Dubai. Marsh Middle East serves clients across the region from its offices in Bahrain, Egypt, Oman, Qatar, Saudi Arabia, and United Arab Emirates. Consistent with Marsh’s regional realignment, Mr. Lundin will now report to Mr. Doyle.

About Marsh

Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 30,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With annual revenue of US$13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a leader in providing risk and reinsurance intermediary services; Mercer, a leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a leader in management consulting. Follow Marsh on Twitter, @MarshGlobal; LinkedIn; Facebook; and YouTube.

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Source: Marsh