Marsh & McLennan Appoints Dedicated Compliance Chief

Marsh & McLennan Cos. has appointed a dedicated compliance chief following the promotion of the professional services company’s deputy general counsel, who had previously overseen the function.

Denise Sanchez, the former compliance officer in the U.S. for Marsh McLennan’s brokerage arm, began as the group’s chief compliance officer on Tuesday, the company said. In her new role, she will join with compliance chiefs in each of Marsh McLennan’s four businesses to manage compliance risks across the enterprise.

The group’s former compliance chief, Katherine Brennan, who was also its deputy general counsel, was named Marsh LLC ’s general counsel in May.

In her new role, Ms. Sanchez will report to Bruce Nolop, chairman of the audit committee of Marsh McLennan’s board, and to Peter Beshar, its general counsel, the company said.

Before joining Marsh in 2017, Ms. Sanchez was a compliance officer at insurance broker Willis Towers Watson, where she worked for a dozen years, according to Marsh McLennan.

In addition to its insurance brokerage arm Marsh, Marsh McLennan also runs the reinsurance business Guy Carpenter & Co. and offers consulting services through Mercer LLC and Oliver Wyman Inc.

Source: WSJ

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