Marsh appoints Phil Parkinson as CEO of Mercer UK

The firm said that, subject to regulatory approval, Parkinson was expected to take up his new role in the coming weeks and will report both to Mercer president and CEO Pat Tomlinson and Marsh UK CEO Chris Lay, with the reporting line moving from Lay to Lisa Quest when she takes up the role of Marsh UK CEO on 6 April.

As CEO of Mercer UK, Parkinson will lead the strategic development and execution of Mercer UK commercial strategy – encompassing its health and benefits, investments and retirement, and workforce and rewards businesses.

He will also work closely with Marsh leaders to deliver the firm's capabilities across risk, strategy, and people to UK clients.

Parkinson succeeds Benoit Hudon, who is leaving the business to pursue other opportunities and who will work closely with Parkinson to ensure a smooth transition.

Parkinson joined Mercer in 2007 and was appointed as UK wealth business leader, responsible for its investments and retirement business, in 2022. He began his career at Mercer as an investment consultant in London and has held numerous international leadership positions during his time with the firm.

Commenting on the appointment, Tomlinson said: "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 added: "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."