Guy Carpenter vice chairman David Priebe has been promoted to the role of chairman, effective immediately.
Priebe will continue to report to Guy Carpenter's president and CEO, Peter Hearn, and will continue as a member of the company's executive committee.
He has held various leadership roles at Guy Carpenter since 1981.
Guy Carpenter said the appointment “reflects the strategic alignment of the firm’s leadership structure to ensure the company delivers strategic services, solutions and value to clients”.
As chairman, Priebe will work with Hearn on the continuing integration of Guy Carpenter with JLT Re following Marsh & McLennan Companies’ acquisition of JLT in April.
He will also continue to work closely with John Trace, CEO of North America, on supporting key North America-based clients as well as overseeing the firm’s recently created Global Capital Solutions Group.
The Global Capital Solutions Group was created to bring together the combined firm’s capital markets, non-traditional solutions, M&A advisory and third party capital divisions.
The group comprises GC Securities and Global Risk Solutions, led by Shiv Kumar and Ed Hochberg, respectively.
Hearn said: “For decades, David has worked tirelessly to elevate Guy Carpenter’s reputation across the globe.
“He is a true client champion and has dedicated his career to helping Guy Carpenter identify client needs and develop and deliver solutions that help them profitably grow. No one is better suited to help steward the future of our firm as chairman.”