The head of Marsh & McLennan Inc., said the professionalservices firm has completed its strategic review and said that ithas no plans to sell any of its principal business units.

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In a brief statement issued today, Michael G. Cherkasky,president and chief executive officer of New York-based MMC, saidthe company finished an analysis that began in March and that itwill keep itself intact.

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There are no plans for a sale or spin-off of Marsh, GuyCarpenter, Kroll, Putnam Investments, Mercer Human ResourceConsulting, and Mercer Specialty Consulting.

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Last week, the Boston Globe reported that the company hiredGoldman Sachs Group or CitiGroup, Inc. to look at the sale ofPutnam, the company's investment division.

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MMC denied the report at that time.

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Marsh, MMC insurance brokerage subsidiary announced late lastmonth that it has hired Banc of America Securities, LLC, to advisethe broker on the sale of its wholesale broking operations, CrumpGroup, Inc., based in Dallas, and Price Forbes Limited, based inLondon.

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A spokeswoman for MMC said the internal review will not be madepublic.

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