Marsh and McLennan names Louis Gagnon Country Corporate Officer for Canada
Global professional services firm Marsh & McLennan has selected Mercer Canada CEO Louis Gagnon as corporate officer for Canada. Gagnon will retain his position at the HR consulting subsidiary, while leading the growth of Mercer’s parent company in Canada.
Marsh & McLennan is a global professional services firm headquartered in New York City that has businesses ranging from insurance brokerage to management consulting. Marsh and McLennan had revenues of $14.02 billion in 2017, and employs about 65,000 people. Its four major subsidiaries are Marsh (insurance brokerage and risk management), Mercer (HR consulting), Oliver Wyman (management consulting), and Guy Carpenter (reinsurance and risk services).
The second-most valuable of the four subsidiaries is Mercer – the world’s largest human resources consulting firm. Mercer provides HR consulting-related services in benefits, recruitment, training, and outsourcing – among a host of other areas. The global HR consultancy had revenue of $4.3 billion in 2016, and has about 21,200 employees.
Mercer was founded in Vancouver in 1937, and grew to become a leading provider of actuarial and benefits consulting before being acquired by Marsh & McLennan in 1959. Today, Mercer Canada has a thousand employees, with offices from coast to coast.
Marsh and McLennan recently named Mercer Canada CEO Louis Gagnon to the position of country corporate officer for Canada. As Marsh and McLennan’s new corporate officer for Canada, Gagnon will provide leadership and collaborate with other country officers to strengthen the marketplace position of Marsh, Mercer, Oliver Wyman, and Guy Carpenter.
Gagnon will, however, maintain his current position as CEO of Mercer Canada. In his role as corporate officer for Canada, Gagnon will report to Marsh & McLennan chairman Alex Moczarski.
Gagnon has been CEO of Mercer Canada since 2015, leading the firm’s 1,000 employees in the provision of innovative solutions within the HR sphere. Prior to being CEO, Gagnon led the Growth and Innovation function of the Global Retirement Business, generating leading-edge solutions related to wealth for clients.
Gagnon, a more than 25 year veteran of Mercer, has led the creation and growth of new offerings like the Mercer Pension Risk Exchange and the Mercer Work/Life and Financial Wellness program. He has consulting experience across the full range of employee benefits and human capital strategies.
“Louis’ leadership and demonstrated record of fostering innovation at Mercer will help us harness the expertise inherent in all four of our businesses in Canada,” commented Moczarski. “In doing so, we will be able to deliver even greater value to our clients by helping them address their most complex business challenges.”
Louis Gagnon has a degree in Mathematics, Statistics, and Actuarial Science from Concordia University. In addition to his work at Mercer, Gagnon is also active in a number of non-profit organizations.
