Marsh & Mclennan Stock Price, News & Analysis

Mercer announced that its global assets under management reached $321.4 billion USD as of September 30, 2020. President Rich Nuzum noted that the pandemic significantly boosted interest in investment solutions due to a liquidity crisis and market volatility. Mercer ranked first in worldwide outsourced assets under management as of March 2020. The firm's OCIO investment solutions have become vital as clients seek enhanced governance and operational management to navigate complex portfolios and market conditions.

S&P Global Market Intelligence and Oliver Wyman have partnered with Citi to facilitate its transition to a low-carbon economy through the use of Climate Credit Analytics. This innovative analytics tool assesses the impact of climate risks on creditworthiness, combining S&P's advanced credit risk models with Oliver Wyman's climate scenario expertise. Citi becomes the first bank to implement this tool, enhancing its climate risk analysis as part of its Sustainable Progress Strategy and TCFD initiatives.

Mercer has appointed Achim Lüder as Chief People Officer, tasked with enhancing the global people strategy for over 25,000 employees across 44 countries. Lüder, who has a 15-year history at Mercer, previously served as CEO of Mercer Germany. He succeeds Marcelo Modica, who has left after eight years. Carmen Fernandez, the incoming Chief Human Resources Officer, emphasizes Lüder's deep understanding of the company's culture and business needs. Norman Dreger takes over as CEO of Mercer Germany, bringing over two decades of leadership experience.

Mercer's Lorna Friedman was named one of Consulting magazine's 2020 Top 25 Consultants for Excellence in Healthcare. Leading Mercer's global COVID-19 response team, she has extensive experience in designing health solutions for multinational populations. Prior to Mercer, Friedman spent over a decade at CIGNA, focusing on strategic planning for emerging markets. The award ceremony, now virtual, will take place on October 8 at 5 PM ET. Herve Balzano, President of Health at Mercer, praised Friedman's leadership and expertise during these challenging times.

Marsh & McLennan Companies (NYSE: MMC) will release its third quarter financial results on October 29, 2020, before market opening. The earnings report will be accessible on mmc.com. Following the announcement, a teleconference with President and CEO Dan Glaser and CFO Mark McGivney is scheduled for 8:30 a.m. EDT, which will include a Q&A session. The teleconference can be accessed via phone or through a live audio webcast on the company's website.

According to the 2020 Urban Mobility Readiness Index by the Oliver Wyman Forum, Singapore ranks first, followed by London. The index evaluated 50 cities based on criteria such as infrastructure and adaptability to technologies. Noteworthy European cities like Amsterdam, Helsinki, Berlin, and Paris secured top ten positions, illustrating their enhanced mobility options and sustainability practices. The report emphasizes the importance of these rankings in addressing future urban challenges, especially post-COVID.