The new business will be effective upon closing of the transaction between MMC and JLT, which remains subject to the receipt of certain antitrust and financial regulatory approvals.
At the same time, MARSH annnounced the leadership team the new specialty business. Thus, in addition to becoming Vice Chairman of MARSH & McLennan Companies and a member of the MARSH & McLennan Executive Committee, Dominic BURKE, currently CEO of JLT Group, will become Chairman of MARSH-JLT Specialty. He will continue to be located in London.
Lucy CLARKE, CEO of JLT Specialty, will become President, MARSH-JLT Specialty reporting to John DOYLE. In this London-based role, Lucy CLARKE will be directly responsible for MARSH-JLT Specialty's Energy, Credit, Marine, Financial and Professional, Private Equity and M&A (PEMA), Construction, and Aerospace business worldwide. She will become a member of the MARSH Executive Committee.
Mark DRUMMOND BRADY, Deputy Group CEO of JLT Group, will become Vice Chairman of MARSH, reporting to John DOYLE. He will continue to be located in London and will become a member of the MARSH Executive Committee.
Dean KLISURA will be named President, MARSH Global Placement. In this capacity, Dean KLISURA will be responsible for placement protocols and standards across all lines within MARSH. He will also lead the non-specialty placement operations of MARSH, including BOWRING MARSH and existing multi-line placement hubs. Dean KLISURA will continue to report to John DOYLE and serve as a member of the MARSH Executive Committee. Dean KLISURA is located in New York.
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