Marsh & McLennan has announced that David Spiller, president of Guy Carpenter & Company, has been appointed to the position of chief executive officer of Guy Carpenter, effective 1 July.

Spiller has served as president of Guy Carpenter and a member of the firm's executive committee and management board since January 2006.

As chief executive, he will be responsible for the day-to-day operations of Guy Carpenter worldwide and will report directly to Michael Cherkasky, president and chief executive officer of MMC.

Salvatore Zaffino, the current chief executive officer of Guy Carpenter, will continue as chairman.

Zaffino will continue to advise Spiller and the firm's leadership team on strategic business issues, and will work closely with senior management on select account activities. He will also continue to serve as chairman of Reinsurance Solutions International, LLC, a wholly-owned subsidiary of Guy Carpenter.

Cherkasky said: "Since joining Guy Carpenter in January, David Spiller has proven himself to be both a visionary leader and a quick study. Under his leadership, the firm plans to grow by leveraging Guy Carpenter's best-in-class risk advisory services, program analytics, placement capabilities and specialized market and qualitative expertise.

"Guy Carpenter's leadership position in the marketplace and strong performance will play an important role for MMC as we draw on the unique combination of services and expertise across the company to deliver solutions that address the myriad risks our clients face.

"We fully expect David to build on Guy Carpenter's strong platform as he leads the firm into the future."