Private equity maven to chair Marsh infra group

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.