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Mercer L.L.C., the consulting unit of Marsh & McLennan Cos. Inc. has appointed Simon O'Regan president of Mercer's North America region.
Mercer has appointed Martine Ferland president of the Mercer EuroPac region and Pat Milligan its global leader, multinational client services, a newly created role the company said on Wednesday.
The appointments are effective immediately, according to a Mercer spokesman.
Previously, Mr. O'Regan was president of the Mercer EuroPac region, which includes Europe, Australia and New Zealand. Ms. Ferland was senior partner and leader of the retirement business for EuroPac and Ms. Milligan was president of Mercer's North America region.
Mr. O'Regan will be based in New York and Ms. Ferland will be based in London, while Ms. Milligan will be working globally, said a Mercer spokesman.
“Simon's successful leadership of our EuroPac region, combined with his depth of experience in the evolving financial and business issues facing our clients worldwide, aligns him perfectly with the executive responsibilities for our largest region,” said Julio A. Portalatin, president and CEO of Mercer. “The depth of our leadership bench allows Martine — with her business, client and leadership skills — to step up in a seamless manner, while also allowing us to leverage the skills of an experienced executive like Pat on a priority growth area for Mercer.”
Continuing to add capabilities across its various operating segments, Marsh & McLennan Cos. Inc. posted higher profit Thursday in the face of global economic pressures and a softening property/casualty insurance market.