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Marsh restructures global business units, leadership

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Marsh restructures global business units, leadership

Marsh Inc. has combined its Asia and Pacific regions, the New York-based insurance brokerage announced Thursday.

In addition, the Marsh & McLennan Cos. Inc. unit has appointed a CEO for a new Continental Europe, Commonwealth of Independent States (CIS) and Turkey region.

Martin South, who has served as CEO of Marsh Europe and CEO of Marsh UK, has been appointed CEO of Marsh Asia-Pacific. He will be based in Singapore and assume his new role on Jan. 1.

Flavio Piccolomini has been appointed to the new role of CEO of Marsh Continental Europe, CIS and Turkey, in addition to his current responsibilities as CEO of Marsh Italy. He continues to be based in Milan.

“By bringing Marsh's Asia and Pacific regions together, which is consistent with our external reporting, we can better capitalize on the tremendous opportunities to serve the growing needs of clients in this vibrant region,” said David Batchelor, president of Marsh's international division. “The appointment of a dedicated leader for Continental Europe, CIS and Turkey will bring additional focus to the growing risk challenges our clients face across this geography.”