Marsh makes a plethora of senior appointments
by Richard Kilner
Story link: Marsh makes a plethora of senior appointments
Marsh has announced a number of senior appointments following its global restructuring programme.
The personnel changes come a fortnight after Michael Cherkasky, the CEO and president of Marsh’s parent company, MMC, parted ways with the firm.
Marsh’s global insurance broking business will be split up into two distinct units, one assigned with US/Canada and the other International.
Joseph McSweeney will be made president of the US/Canada division.
The CEO of Europe, Middle East and Africa, Alexander Moczarski, has been named as the new president of the International division, and will move from London to New York.
Alexander Vietor, recruited only recently to the firm, will become Global Specialties president.
From now on industry practices are to report to an enhanced Global Risk Management unit, which will be led by Timothy Mahoney.
Henry Allen will retain his positions as president of the Global Consumer Division.
Daniel Glaser, appointed last month as Marsh’s new chief executive, will be reported to by these appointees.
Glaser explained the structural changes and appointments by saying that the lessening of complexity would boost the firm’s efficiency.