In order to align the delivery of its global capabilities more closely to the needs of clients around the world, Marsh today announced that it has combined its Asia and Pacific regions and appointed a dedicated leader for a new Continental Europe, Commonwealth of Independent States (CIS), and Turkey region.
Following his successful track record of growing businesses and improving profitability, including in his previous roles as CEO of Marsh Europe and CEO of Marsh UK, Martin South has been appointed CEO of Marsh Asia-Pacific. To be based in Singapore, he will take up this position on January 1, 2013.
Marsh also announced the appointment of Flavio Piccolomini to the new role of CEO of Marsh Continental Europe, CIS, and Turkey, in addition to his current responsibilities as CEO of Marsh Italy. Reflecting the importance of the UK to Marsh's global activities, Mark Weil, the recently-appointed CEO of Marsh UK & Ireland will now, along with Mr. South and Mr. Piccolomini, report directly to David Batchelor, President of Marsh's International Division.
Commenting on the appointments, Mr. Batchelor said: "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. 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.
"Both Martin and Flavio are proven leaders with justified reputations for building strong customer-focused organizations. They are well equipped to drive innovation and push these important regions to reach their full potential."
John Clayton will continue as Head of the Pacific zone and CEO of Marsh in Australia with a brief to leverage the capabilities of the Pacific across the Asia-Pacific region. Alan Cheah will step down from his current role as Head of Asia to become country leader for Singapore, while continuing as Chairman of Marsh's Southeast Asia operations. Both he and Mr. Clayton will report to Mr. South.
Mr. Batchelor added: "As CEO of Marsh Asia, Alan has successfully led the continued growth of this vital market, while adding immense value to the firm and our clients. He will work closely with Martin to help shape the new Asia-Pacific region."