The head of Marsh & McLennan Inc., said the professional services firm has completed its strategic review and said that it has no plans to sell any of its principal business units.
In a brief statement issued today, Michael G. Cherkasky, president and chief executive officer of New York-based MMC, said the company finished an analysis that began in March and that it will keep itself intact.
There are no plans for a sale or spin-off of Marsh, Guy Carpenter, Kroll, Putnam Investments, Mercer Human Resource Consulting, and Mercer Specialty Consulting.
Last week, the Boston Globe reported that the company hired Goldman Sachs Group or CitiGroup, Inc. to look at the sale of Putnam, the company's investment division.
MMC denied the report at that time.
Marsh, MMC insurance brokerage subsidiary announced late last month that it has hired Banc of America Securities, LLC, to advise the broker on the sale of its wholesale broking operations, Crump Group, Inc., based in Dallas, and Price Forbes Limited, based in London.
A spokeswoman for MMC said the internal review will not be made public.
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