Marsh chief executive takes charge of Marsh Brokers Limited
Marsh chief executive Martin South will head up HSBC Insurance Brokers, which on the deal’s completion today was rebranded Marsh Brokers Limited (MBL).
Former HSBC Insurance Brokers chief executive Philip Gregory’s contract with the company finally ends today, freeing him up to search for non-executive director roles.
When asked about potential job cuts within MBL's 1,273 staff, a Marsh spokesman said: “Where any redundancies are made due to duplicate roles or efficiencies, impact to colleagues will be notified as soon as possible.”
Marsh bought HSBC Insurance Brokers for £135m in December last year, and was last week given the green light by the UK regulators to merge.
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