Global broker and risk management specialist Marsh has announced a global restructuring, which will include combining its Asia and Pacific regions. “Through this move Marsh intends that its new Asia Pacific region will deliver significant growth potential, in the next few years,” said the bulletin.
“Asia is undoubtedly where the action is and Marsh set forth some time ago on an ambitious strategy for regional expansion that is on track,” commented David Batchelor who will lead the newly combined area from Hong Kong. “Deepening our capabilities by combining with the more mature Pacific market and providing clients with seamless Asia Pacific regional service will undoubtedly reinforce our dominant position as risk advisers to institutional clients,” he continued.
According to Marsh, it will also continue to develop its market-leading advisory practices in specialist risk areas including Private Equity, Mergers and Acquisitions; Environment, Mining, Infrastructure, Terrorism and IPOs.
Marsh said its “existing growth strategy for Asia is based on acquisition, new business, middle market growth and proactive initiatives and will remain.” Batchelor indicated: “Insurance broking is in a new era that focuses on risk management and providing consulting and advisory services that add value to clients — and Marsh is embracing this.”
Marsh called the new alignment a positive step for its colleagues as well as its customers. “Importantly, the creation of a single region will offer expanded region-wide opportunities for all colleagues to enhance their learning and professional development,” stated Pamela Harrison, Marsh’s HR Director, Asia.
The global realignment simplifies Marsh’s structure to three regions — Europe, Middle East and Africa, The Americas and Asia Pacific. “Customers will find us more attractive with a simplified global business streamlined to provide clients with best-in-front service. They will also appreciate our improved client reach, resource base and market clout,” Batchelor concluded.
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