Private equity maven to chair Marsh infra group

Private equity executive Edwin Charnaud has been named chairman of global infrastructure at Marsh. His appointment let Jim Pierce move to chairman of global industries.

Marsh named its long-serving London-based private equity ace Edwin Charnaud chairman of global infrastructure, replacing Jim Pierce, the company has revealed.

A spokesman said that appointing Charnaud chairman freed Pierce to take over as head of global industries. The spokesman went on to explain that Charnaud would report to Pierce.

Charnaud, a lawyer, began his career with Marsh in 1997, rising to become managing director of private equity as well as mergers and acquisitions for Europe, the Middle East and Africa – a role the Marsh spokesman noted Charnaud would continue to retain in addition to his new post as chairman of global infrastructure.

Pierce, a Harvard Business School graduate and a Houston resident, is listed as a Marsh managing director. Aside from heading infrastructure for Marsh, he has led its global energy practice.

Marsh, a subsidiary of Chicago-headquartered Marsh & McLennan Companies, a publicly traded insurance brokerage, is a risk management service with a noted infrastructure practice.