Financial Services >> CEO Interviews >> July 19, 1999

A.j. C. Smith – Marsh & Mclennan Companies (mmc)

A.J.C. SMITH has been Chairman and Chief Executive Officer of Marsh & McLennan Companies, Inc. since 1992. He has been employed by the company in various capacities since 1961 and has been a member of its Board of Directors since 1977. Much of Mr. Smith's career was spent as a consultant and actuary employed by the principal company in the Marsh & McLennan Companies consulting group, William M. Mercer, Incorporated, of which he was president and chief executive officer form July 1975 until he became chief executive officer of Marsh & McLennan's Consulting & Financial Services Group in March, 1982. Mr. Smith is a Trustee of The Putnam Funds, the Central Park Conservancy, the Carnegie Hall Society, Inc., The Economic Club of New York, the Educational Broadcasting Corporation, the U.S. Chamber of Commerce and the Board of Overseers of the Joan and Sanford I. Weill Graduate School of Medical Sciences of Cornell University. Mr. Smith was born and educated in Scotland. He became a Fellow of the Faculty of Actuaries in 1959. He lived in Canada for many years before moving to New York in 1974. He now lives in Manhattan and Rye, New York. Profile
TWST: If you would, first give us a brief summary of Marsh & McLennan

today?

Mr. Smith: MMC is the parent of Marsh, Putnam and Mercer. Marsh, of

course, is the leading risk manager and