Marsh has appointed Phil Parkinson as CEO of Mercer UK.
He will succeed Benoit Hudon, who is leaving the business to pursue other opportunities and is expected to take up the role in the coming weeks.
Parkinson joined Mercer in 2007 and was appointed UK wealth business leader in 2022 with responsibility for its investments and retirement business. He began his career at the firm as an investment consultant in London and has since held a number of international leadership roles.
He will lead the strategic development and execution of Mercer UK’s commercial strategy across its health and benefits, investments and retirement and workforce and rewards businesses. He will also work with Marsh leaders to deliver the firm’s capabilities across risk, strategy and people to clients in the UK.
Parkinson will report to Pat Tomlinson, president and CEO of Mercer and Chris Lay, CEO of Marsh UK. The reporting line will move from Lay to Lisa Quest when she assumes the role of Marsh UK CEO on 6 April.
Tomlinson says: “Phil is a highly talented leader who has built a very successful career with Mercer and has earned the respect of his clients and colleagues alike. His experience will be invaluable as we support our UK clients in navigating an increasingly complex economic environment and achieving successful outcomes for their stakeholders. I would also like to thank Benoit for his leadership of Mercer and the positive culture he has instilled in his time as CEO; we wish him every success in his future endeavours.”
Parkinson says: “I am very grateful for the trust and opportunity to lead Mercer’s UK business. Together, with our team of exceptional colleagues, I am committed to creating the best outcomes for our clients through providing the tools, advice and solutions they require in these challenging times.”