James Speros Named Senior Vice President and Chief Marketing Officer of MMC; To Succeed Barbara Perlmutter Who Plans To Retire

In this role, Mr. Speros will be responsible for MMC's globalmarketing and communications strategies supporting MMC's businessobjectives and enhancing the company's reputation. Hisresponsibilities will include developing integrated marketing programsacross the company including branding, relationship marketing,advertising, media relations, public affairs, market research, onlinemarketing, thought leadership, internal communications and corporatephilanthropy. He will report to Michael G. Cherkasky, president andchief executive officer of MMC.

Mr. Speros has been chief marketing officer for the U.S. practiceof professional services firm Ernst & Young LLP, which he joined in1998. In that capacity, he led the firm's national and industrymarketing programs. Prior to joining E&Y, Mr. Speros had an extensivecareer in a number of leadership positions in marketing communicationsand advertising at AT&T, ultimately serving as vice president,Advertising & Marketing Communications, for AT&T's Business Servicesdivision and the Consumer Services Multicultural organization.

Mr. Cherkasky said: "Barbara Perlmutter has served MMC withdistinction and professionalism. We are grateful for her wise counseland many years of dedication and service, and we wish her the verybest as she begins a new chapter in her life.

"We are very pleased to welcome Jim Speros to MMC's seniorleadership team. Jim is a seasoned marketing and communicationsexecutive with a strong, consistent track record of achieving results.As we implement our 'one company' strategy of becoming the world'sleading global advice and solutions firm, Jim will collaborate closelywith the business and marketing leadership of our operating companiesin carrying out our corporate marketing strategy."

Mr. Speros served as chairman of the board of the Association ofNational Advertisers (ANA), the industry's leading marketing tradeassociation representing over 8000 brands, from 2002 to 2004. Inaddition, he serves on the board of the Advertising Council. He wasnamed, "Communicator of the Year" by the Business MarketingAssociation and was inducted into the Advertising Hall of Achievementin 1993 for his contributions to the advertising industry.

He earned a B.B.A. in Marketing and Advertising from Bernard M.Baruch College, City University of New York, and an AdvancedManagement Certificate from Duke University's Fuqua School ofBusiness.

Mrs. Perlmutter joined MMC in 1986 as director of Public Affairs.Prior to that, she served as assistant to the president and senioranalyst of National Economic Research Associates (now known as NERAEconomic Consulting), an operating company of MMC. She joined NERA in1979.

MMC is a global professional services firm with annual revenues ofapproximately $12 billion. It is the parent company of Marsh, theworld's leading risk and insurance services firm; Guy Carpenter, theworld's leading risk and reinsurance specialist; Kroll, the world'sleading risk consulting company; Mercer, a major global provider ofhuman resource and specialty consulting services; and PutnamInvestments, one of the largest investment management companies in theUnited States. Approximately 55,000 employees provide analysis,advice, and transactional capabilities to clients in over 100countries. Its stock (ticker symbol: MMC) is listed on the New York,Chicago, Pacific, and London stock exchanges. MMC's website address iswww.mmc.com.