A Marsh news release said that the moves are part of the company’s decision to focus more heavily on the middle market, meaning companies with revenues of $50 million to $750 million.
According to the announcement, the personnel developments include the appointment of:
- Mark Feuer, who spent the last 10 years leading successful growth initiatives at Merrill Lynch, and has joined Marsh as leader of the firm’s Middle Market practice in the US. During his career at Merrill Lynch, Feuer held several leadership positions, including responsibility for the firm’s retirement business.
- Michael Whealon has joined the firm from ING Barings, Ltd., where he was Managing Director, Investment Banking and Global Head of Telecoms, Media & Technology. He will lead the Global Technology, Media & Telecommunications industry practice at Marsh.
- Michael Feigin has joined Marsh to run the construction industry practice. Feigin, an attorney by training, worked as a real estate and construction litigator at twoNew York law firms and as a development director at AvalonBay Communities, the national residential REIT.
- Joe Varnas, who has led a transformation of Marsh’s information technology since arriving late last year, has been elevated to the new role of Chief Operating Officer.
- Tim Mahoney has been appointed the new leader for theAmericas, which includes the US, Canada, and Latin America.
Finally, the company said that the role of president has been eliminated. Bill Malloy, who held the position of president since 2004, is remaining with the firm through the end of this year. In recent years, Marsh was caught up in the sweeping probe into price-fixing and bid-rigging in the insurance industry by New York Attorney General Eliot Spitzer (See Ex-Marsh Execs Indicted in Insurance Bid Rigging ).
More information about the company is at www.marsh.com .