Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), today announced that Martin South has been app
ointed to the newly created position of CEO of Marsh Europe. Mr. South will remain responsible for Marsh’s operations in Turkey and India. He will also continue as CEO of Marsh UK & Ireland until a successor is appointed.
The announcement follows the appointment last year of David Batchelor, formerly CEO of Marsh Europe, Middle East and Africa (EMEA), as President of Marsh’s International Division. As part of a reorganization of the region Robert Makhoul, who remains CEO of Marsh Middle East and North Africa and, Jurie Erwee, who was recently appointed CEO of Marsh Africa will, with Mr. South, report to Mr. Batchelor.
“Marsh’s EMEA region has evolved substantially over the past few years,” said Mr. Batchelor. “In addition to strong organic growth, the 2010 acquisition of HSBC Insurance Brokers significantly enhanced our operations in the Middle East and our middle market and SME business in the UK. Our recent acquisition of Alexander Forbes Risk Services has taken us, in one step, from being a relatively small participant in South Africa to being a leading broker and risk adviser across the African continent.
“We are now well-positioned to enhance our services in a region that has become increasingly marked by diverse market characteristics and differing client needs.
“Under Martin South’s leadership over the past five years, Marsh’s UK operations have shown substantial progress and growth. I know he will bring the same client focus and dedication to our operations in Europe.”
Mr. South added: “I am excited by the opportunity to lead Marsh’s European operations to the next stage in their development. In the current economic circumstances, companies across the Continent face an unprecedented risk landscape. It is our task to work with our clients to develop the solutions that help them face and overcome these challenges.”
Mr. South re-joined Marsh and McLennan Companies in 2007 when he became CEO of Marsh Ltd, which comprises the UK and Ireland business of Marsh and Guy Carpenter, having initially joined C. T. Bowring (later to become Marsh) in 1985. He left Marsh in 1996 to join Zurich Re, later becoming CEO of International Businesses at Zurich Financial Services and a member of the Group Management Board.