BrazilMarsh McLennan names David Jacob CEO of Asia division
Global professional services group Marsh McLennan has named the Asia boss of its Marsh subsidiary as its inaugural CEO of Asia – as the company looks to better align its quartet of businesses across the region.
The elevation of David Jacob to the newly created role follows the recent appointment of new CEOs for International, US, Canada and the Pacific, in what Marsh McLennan describes as an effort toward greater collaboration to better serve the interconnected needs of clients at the intersection of its four businesses.
Marsh McLennan is the parent of Marsh and Guy Carpenter (both focus on insurance and reinsurance services), Mercer (human capital consulting) and Oliver Wyman (strategy and management consulting).
Jacob brings a 30+ year career at the firm to the top role. He began his career in 1990 with Marsh in New York before moving to the firm’s Philippines office in 1996, becoming CEO in 1999. He later moved to Hong Kong as CEO before his appointment as Head of Sales, Asia Pacific, and Head of Specialties, Asia, in 2010. He was appointed Marsh’s Asia regional leader in 2016.
“David is an experienced and accomplished leader,” said Flavio Piccolomini, CEO of Marsh McLennan International. “Having held senior leadership positions across Asia for more than 20 years, he has a deep understanding of the challenges organisations across Asia face, as well as the wide range of Marsh McLennan’s capabilities to address them.”
On his new role, Jacob said: “Businesses around Asia face a highly diverse set of risks from geo-economic volatility and workforce challenges, to increasingly complex supply chain vulnerabilities. Our clients need a range of capabilities from across our businesses to tackle these challenges, and that is what we will deliver together – greater client value.”
The appointment comes as Marsh McLennan last week reported combined revenues in excess of $20 billion for the first time in its 150+ year history, and follows John Doyle succeeding long-serving CEO Daniel Glaser at the start of the year. Jacob will report to Piccolomini, who in turn reports to Martine Ferland.
