Marsh Inc., the world's leading risk and insurance services firm,
announced the appointment of Henry S. Allen as Global Leader, Consumer
Business, which includes the firm's Affinity and Program Management
businesses, as well as its Private Client Services division.
Mr. Allen, who reports to Joseph A. Varnas, Chief Operating
Officer of Marsh, joined Marsh in 2002 as Practice Leader for the
Global Trade Credit Practice and Head of Marsh's Affinity Business in
Europe and the Middle East. Subsequently, he was also appointed leader
of the firm's Private Client Services and Small Commercial Practices
in Europe and the Middle East.
"We view the Consumer business not only as a core part of Marsh's
offering to Institutional clients, but also as a huge opportunity for
growth and a competitive advantage in the market," commented Mr.
Varnas.
"I am thrilled to be asked to take on this role," added Mr. Allen.
"Globalizing the Consumer business and integrating it more closely
with the rest of Marsh keeps it aligned with Marsh's strategic
initiative to build world class operating platforms, and invest in
growth priorities."
In 2006, Mr. Allen moved to the U.S. to assume responsibility for
the strategy, business development, and overall growth initiatives for
Marsh's Consumer businesses in Latin America, Africa, Asia and the
Pacific.
Before joining Marsh, Mr. Allen ran the European operations of
Geocapital, a U.S.-based venture capital firm. From 1994 to 2000, he
was with GE Capital, where he served in a variety of senior leadership
positions in Europe. Previously, he was with 3i, Europe's leading
private equity provider, for seven years, serving in a variety of
investment roles in Newcastle and Leeds.
Educated in the U.K., Mr. Allen holds a degree in Applied
Chemistry from Salford University, a Diploma in Marketing and Finance
from Newcastle Polytechnic, and an MBA from Manchester Business
School.
Marsh has 26,000 employees and annual revenues approaching $5
billion. The firm provides advice and transactional capabilities to
clients in over 100 countries. Marsh is a unit of Marsh & McLennan
Companies (MMC), a global professional services firm with
approximately 55,000 employees and approximately $12 billion of annual
revenues. MMC also is the parent company of Guy Carpenter, Kroll,
Mercer, and Putnam Investments. MMC's stock (ticker symbol: MMC) is
listed on the New York, Chicago, and London stock exchanges. MMC's Web
Site is www.mmc.com. Marsh's Web site is www.marsh.com.
