Nick Studer has been selected to become CEO of Marsh Risk. The Role sees Studer promoted, having led Marsh-member Oliver Wyman for the last five years.
Marsh McLennan is a New York-based professional services conglomerate, offering clients access to insurance brokerage, risk management, reinsurance, talent management, investment advisory, and consulting services. It has four main operating companies: Marsh, Guy Carpenter, Mercer, and Oliver Wyman.
Studer has been with Oliver Wyman for almost three decades, and has been a partner since 2003. In 2012, he was selected to serve on the firm’s executive committee, before being elevated to Oliver Wyman’s CEO in 2021. In that time, he has “driven tremendous growth”, according to Marsh President and CEO John Doyle. Due to this, he has been picked to take over the role leading Marsh Risk.
“Nick’s experience advising corporate and public sector leaders on risk and transformation makes him the ideal executive to continue Marsh Risk’s market leadership and further its trajectory of growth and service excellence,” Doyle explained.
Studer will become President and CEO of Marsh Risk, effective April 1st. In the meantime, Marsh expects to complete the appointment of a new CEO of Oliver Wyman and Marsh Management Consulting by that date.
Studer commented via a post on LinkedIn, “I’ve been part of Oliver Wyman since graduating – over 28 years now – and part of Marsh for 22 years. I consider myself privileged to have led a tremendous business and I am now deeply honoured to be named leader of Marsh Risk, the world’s leading insurance broker and risk adviser. I am delighted to join our mission to continue growing and building an all connected risk intermediary, a paradigm-busting risk advisor and a passionate advocate for our clients.”
The appointment sees Studer succeed Martin South, who moves to an enterprise-wide role as chief client officer of Marsh, where he will work closely with the leaders of the company’s businesses. South has served as CEO of the business in multiple regions, including Asia-Pacific, UK and Ireland, Europe, and US and Canada, and became president and CEO of Marsh Risk in 2022.
“A touchstone of Marsh, across all our businesses, is that we put clients at the center of everything we do. With the power and breadth of our expertise and a keen understanding of our clients’ needs, we can serve them like no other professional services firm,” added South. “I am excited for the opportunity to continue to increase our client impact and help to accelerate growth in this new role.”
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