Marsh Appoints Annie Xiong to Head China Enterprise Risk Management Team

(March 8, 2010, Beijing) – Marsh, the world’s leading insurance broker and risk advisor, has appointed Annie Xiong to lead Marsh’s Enterprise Risk Management (ERM) practice in China, a key growth area for Marsh.  The appointment is effective immediately.

Commenting on the appointment, Paul Wilkins, Chairman and CEO of Marsh Greater China, said:

“I am pleased to welcome Annie to the Marsh China team.  Our ERM and risk consulting capability clearly sets us apart from our peers in China, and is an area with lots of growth potential.  Ever since the Enterprise Risk Management Guideline for State Owned Enterprises was issued by State Owned Assets Supervision and Administration Commission (SASAC) in 2006, ERM has become a critical aspect for a company’s strategic approach to risk management.

“I look forward to the new perspectives and leadership that Annie will bring to Marsh’s ERM offering in China, especially working with her to explore how we can help China’s SOEs comply with the SASAC guideline.”          

Annie, based in Beijing, has an impressive track record with providing clients strategic risk counsel.  Before joining Marsh, Annie worked overseas for more than 10 years, leading several risk management and ERM implementation projects at ESPRiT Consulting, Munich Re and ACE in the United States for clients in various industries and sectors.  She has an MBA (University of Maryland) and a BS in Industrial Economics (Tianjin University).

Commenting on her appointment, Annie said:

“I am extremely excited to join such a dynamic and high growth organisation such as Marsh.  Businesses in China are quickly becoming more aware of risk management issues, and increasingly require the assistance of professional risk consultants and insurance brokers.  Marsh China is in a unique position to help local businesses sharpen their competitive advantage through ERM.  On a personal level, I’m glad to be back home working in China.”

Contact
Valen Lin
+8610 6533 4008
valen.lin@marsh.com

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About Marsh’s Enterprise Risk Management (ERM) Practice in China

Marsh’s Enterprise Risk Management (ERM) framework identifies the components that need to be addressed in order that risk management procedures are fully embedded into operations. By combining these components, an organisation will have the framework to directly link its risk management practices to its goals and strategies.

Marsh offers a practical approach to adopting this framework and meeting an organisation’s needs. Through the use of desktop analysis, participation-led interviews, risk workshops and best practice methodologies, Marsh draws on its extensive global experience and expertise to deliver ERM to companies in many industry sectors in China.

About Marsh
Marsh, the world's leading insurance broker and risk advisor, has 23,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with more than 54,000 employees and annual revenue exceeding $11 billion. MMC also is the parent company of Guy Carpenter, the risk and reinsurance specialist; Kroll, the risk consulting firm; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. MMC’s stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. MMC’s Web Site is www.mmc.com.  Marsh’s Web site is www.marsh.com.