Marsh said Nick Studer will become president and CEO of Marsh Risk, succeeding Martin South, who will become chief client officer of Marsh and work closely with the leaders of the company’s businesses.
Studer has been the CEO of Marsh’s Oliver Wyman for the last five years. He has been with Oliver Wyman for about 30 years, and has held senior consulting roles across its consumer, industrial, and financial services practices.
Studer’s “experience advising corporate and public sector leaders on risk and transformation makes Nick the ideal executive to continue Marsh Risk’s market leadership and further its trajectory of growth and service excellence,” said John Doyle, president and CEO of Marsh, in a statement.
South rejoined Marsh in 2007 and served as CEO of the business in multiple regions, including Asia-Pacific, UK and Ireland, Europe, and US and Canada, before becoming president and CEO of Marsh Risk in 2022.
The changes begin April 1. Studer and South will continue to serve on the company’s executive committee and report to Doyle.
Marsh expects to announce a new CEO of Oliver Wyman and Marsh Management Consulting by April 1.
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