Marsh & Mclennan Stock Price, News & Analysis

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.

The 2020 Urban Mobility Readiness Index ranks Singapore, London, Stockholm, Hong Kong, and Amsterdam as the top cities based on infrastructure and innovation. The study by Oliver Wyman Forum analyzed 50 cities across 56 metrics, highlighting the importance of adaptability to future technologies. Singapore leads due to its traffic management and automated systems, while London ranks second for international connectivity. European cities excel in mass transit and clean mobility, showcasing resilience during challenges like COVID-19.

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Marsh & McLennan Companies (NYSE: MMC) announced leadership changes effective January 1, with Carmen Fernandez appointed as Senior Vice President and Chief Human Resources Officer, and Paul Beswick as Senior Vice President and Chief Information Officer. Both will report to CEO Dan Glaser and join the Executive Committee, succeeding Laurie Ledford and Scott Gilbert. Glaser commended their contributions in modernizing HR and technology. Fernandez has 15 years at the firm, while Beswick brings over two decades from Oliver Wyman.

Mercer has announced that Stephen Woodcock, a partner in their London office, has been named one of CIO magazine's 2020 Knowledge Brokers, recognizing him as an influential investment consultant. With over ten years in Liability Driven Investments and risk management, Woodcock has significantly contributed to UK pension schemes. Rich Nuzum, Global President of Mercer’s Investments and Retirement business, praised Woodcock's leadership and impact on client investment strategies. Mercer, a business of Marsh & McLennan (NYSE: MMC), operates globally with over 25,000 employees.

On June 16, 2020, Backstop Solutions Group announced a strategic alliance with Mercer, a business of Marsh & McLennan (NYSE: MMC). This partnership allows Backstop clients to access Mercer's institutional investment data, research, and ratings through Backstop's platform. With data on over 7,000 managers and 35,000 strategies, asset owners can enhance their research and portfolio management. The collaboration aims to improve productivity and streamline workflows within institutional investing, addressing the challenge of information overload faced by investment professionals.