Marsh has appointed Nick Studer as president and CEO of Marsh Risk, succeeding Martin South, who will move into the newly created enterprise-wide role of chief client officer of Marsh, effective 1 April.
Both executives will remain on Marsh’s executive committee and report to John Doyle, president and CEO of Marsh.
Studer will join Marsh Risk from the management consultancy Oliver Wyman, where he has worked since 1997 and, most recently, served as president and CEO. During his 28 years with the firm, he also held senior roles across its consumer, industrial, and financial services practices.
“His experience advising corporate and public sector leaders on risk and transformation makes Nick the ideal executive to continue Marsh Risk’s market leadership and further its trajectory of growth and service excellence,” Doyle said.
South, a former CEO of Marsh Asia-Pacific, will take on an enterprise-wide role working across Marsh’s businesses. He rejoined Marsh in 2007 and has since held a number of regional leadership roles, including the UK and Ireland, Europe, and the US and Canada, before becoming president and CEO of Marsh Risk in 2022. He first joined the company in 1985 with Bowring Marsh and later held senior leadership roles at Zurich Financial Services before returning to Marsh.
“Martin has decades of experience serving clients and driving innovation. He has deep relationships across industries, and as chief client officer, will bring our unique capabilities together to help clients navigate this highly complex macro environment. Martin will also work to apply AI and other new technologies to enhance the client experience,” Doyle said.
The announcement follows other recent leadership appointments made by the company in the region, naming Noelene Palmer as chief operating officer, Pacific, and Tim Atkins as head of its Insurance Consulting Group, also for the Pacific region.
