Marsh UK Names Elder CRO

September 28, 2007

Marsh UK has appointed James Elder to the new position of Chief Risk Officer. He joins Marsh from Credit Suisse where he was a Director in Bank Operational Risk Oversight. He will report to John Nicholson, Marsh UK’s COO.

Martin South, CEO of Marsh UK observed that UK companies have “seen their risk agendas change materially in recent times.” As a result Marsh is looking for new ways to help its clients analyze risks. South indicated that Elder’s experience would “bring fresh perspectives on how we can further improve our operational processes and, therefore, reduce our cost of risk. I look forward to him making a strong contribution.”

Elder indicated that he is pleased “to be joining Marsh at such an exciting time in the company’s development and have been impressed by its commitment to applying best practice. Working with management across the business, I look forward to leading the development and implementation of a risk management framework that ensures Marsh in the UK operates at the highest levels of efficiency and effectiveness.”

Source: Marsh UK – www.mmc.com

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