Marsh has appointed Robert Makhoul to the position of executive chairman of Marsh Middle East and North Africa (MENA), and the appointment of Steve Lundin to succeed Makhoul as CEO of Marsh MENA.
Lundin, who is currently general manager of Marsh China, will start his new role next month, reporting to David Batchelor, president of Marsh’s International Division.
In his new role, Makhoul will be responsible for identifying opportunities for growth and ensuring the delivery of the group’s full capabilities to firms across the region.
Lundin, who will relocate to Dubai, will be responsible for the day-to-day management of Marsh’s operations and further extending the range of solutions and services available to clients in MENA’s many high-growth markets.
Batchelor said: “The risk landscape in the Middle East and North Africa continues to change rapidly. Under [Makhoul’s] leadership, we have been able to deliver an expanded range of services to clients across all business sectors.”
“In his new role, [Makhoul] will be able to ensure that the region has access to global best practice risk and insurance solutions.”
“[Lundin] brings strong knowledge and expertise to the region from his time in China and has a keen awareness of the needs of companies in fast-growing economies that want to expand both in their local markets and internationally.”
Makhoul, who has led Marsh’s operation in the Middle East since 1998, will also continue to serve as country corporate officer in the Middle East for Marsh’s parent company, Marsh & McLennan Companies.
Lundin was appointed to lead Marsh China in 2011, having previously served as managing principal at Integro Insurance Brokers, based in New York, with responsibility for sales and client relationship management.
