Portalatin becomes vice chairman of Marsh & McLennan

Julio Portalatin has been appointed vice chairman of Marsh & McLennan Companies (MMC).

Portalatin served as president and CEO of MMC consultancy arm Mercer for seven years. He will be replaced by Martine Ferland who is becoming president and CEO of Mercer, effective March, 2019.

Both executives will report to Marsh & McLennan's president and CEO Dan Glaser.

The leadership changes are a part of Marsh’s growth strategy, according to the company.

"Julio energized Mercer colleagues and brought our mission and values to life through the work we do,” Glaser said. He oversaw a major repositioning of the business that resulted in Mercer's operating income nearly doubling and assets under delegated management increasing fivefold. Julio's legacy with Mercer is one of focused execution, impressive financial performance, and colleague development. I'm pleased the company will continue to benefit from his advice and counsel," he added.

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