The company named Joseph McSweeny, a former executive at Willis Group Holdings Ltd to run the U.S.-Canadian unit, and Alexander Moczarski, who had run the Europe, Middle East and Africa brokerage operations and won credit for improving results, will run the international unit.
These changes allow Daniel Glaser, the brokerage's new chief executive, to put his stamp on a unit that has struggled to boost profit and retain market share after agreeing in 2005 with then New York Attorney General Eliot Spitzer to pay $850 million to settle a bid-rigging scandal.
"Simplifying the current structure will enable Marsh to reduce complexity and improve efficiencies," Glaser said in a statement. The former executive at insurer American International Group joined the company last month.
Other changes include the appointments of Alexander "Sandy" Vietor as president of global specialties and Timothy Mahoney to oversee global risk management. Henry Allen will continue to oversee the global consumer division. Each reports to Glaser.
Problems at the Marsh unit have contributed to Michael Cherkasky being pushed out as chief executive of the entire company, which includes consulting and other operations. He remains at the helm until a new chief executive is chosen.