Marsh to become ‘more agile’ as a result of cuts
Marsh chief executive and president John Doyle says the broking group will be ‘more agile’ and ‘focused’ as a result of the management job cuts.
Speaking to analysts following the first quarter results, Doyle said: ”We have begun an effort to simplify our organisational strcuture.
”The result of that will be fewer layers of management and our leaders on average will increase their spans of control.”
Doyle added that the three segments - small consumer and commercial; large risk management; corporate accounts - will have greater focus and more consistency.
“We’re also moving decision making closer to the client as part of this process.
“All of this will enable us to move more quickly be more agile, as Dan mentioned which we think is very important to our clients in this environment,” he added.
Doyle was speaking following Marsh’s re-entry into the UK acquisitions market, purchasing Scottish broker Clark Thomson.