3. Marsh

Fee and commission income (2002): £554.4m

Pre-tax profit (2002): Not supplied

Address:
Tower Place
London
EC3R 5BU

Tel: 020 7357 1000

Website: www.marsh.co.uk

History: Marsh Inc is the risk and insurance services unit of Marsh & McLennan Companies (MMC), a global professional services firm with 59,000 employees and annual revenues exceeding $10bn. MMC operating units are also engaged in consulting through Mercer Inc. and investment management through Putnam Investments.

From its founding in the 19th century, Marsh has grown into an enterprise of 38,000 risk specialists, with annual revenues of $5.9bn, serving a wide range of clients in more than 100 countries. In the UK, Marsh has some 6,450 staff at 30 office locations. Its clients range from multinationals and commercial enterprises to private businesses and individuals.

Marsh offers risk management and insurance services covering a full range of services enabling clients to identify, value, control, transfer and finance risk. The firm has invested significantly in risk management technologies, creating new tools and solutions to help clients identify and control risk.

Marsh also arranges affinity schemes, creating brand loyalty with clients or associations by providing insurance products for their customers or members.

Main lines of business: Risk management and insurance broking services

Number of UK branches: 30

Number of UK employees: 6,450

Chief officer: Bruce Carnegie-Brown

Biography: Bruce Carnegie-Brown joined Marsh on 2 June 2003 as chief executive.

Prior to joining Marsh, he spent 18 years with JP Morgan in a variety of roles in Europe and Asia. From 1995 to 1997, he was the chief credit officer for Europe, Middle East and Africa; from 1997 to 2000 he was chairman of JP Morgan Securities Asia Ltd, based in Tokyo.

He relocated to London in September 2000 where he was head of European debt capital markets until joining Marsh.

Prior to joining JP Morgan, Carnegie-Brown spent four years at the Bank of America.