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Chris Lay has been appointed president and CEO of Marsh Canada Ltd., the Marsh & McLennan Cos. Inc.'s brokerage and risk advisor unit announced Tuesday.
Mr. Lay has held several positions at Marsh, most recently president of Marsh's global captives business. He will be based in Toronto.
Mr. Lay succeeds Toronto-based Alan Garner, who has been named to the new position of chairman of Marsh Canada. Both appointments are effective July 1. Both executives will report to Robert Bentley, president of Marsh U.S. and Canada.
Marsh & McLennan Cos. Inc.'s revenue for the first quarter of 2016 rose 3.8% year over year to $3.34 billion, spurred in part by a nearly 10% jump in revenue from Marsh L.L.C.'s business in the United States and Canada.