Marsh McLennan @ Davos

May 22 - 26, 2022

History at a Turning Point
The World Economic Forum held its Annual Meeting 2022 in Davos-Klosters, Switzerland, May 22-26. The meeting brought together more than 2,000 leaders and experts from around the world during one of the most consequential geopolitical and geo-economic moments of the past three decades. We led and engaged in discussions on the roles being played by ESG, good work, financial services, trust and transformational investing in shaping the global agenda. Find highlights below.
9 Takeaways

The high-profile gathering of corporate executives and politicians at the WEF Annual Meeting was smaller than usual this year and took place in May instead of January. The BRINK News team reports.

9 Takeaways

The high-profile gathering of corporate executives and politicians at the WEF Annual Meeting was smaller than usual this year and took place in May instead of January. The BRINK News team reports.

Kate Brennan, SVP & General Counsel, Marsh McLennan:
"We appreciated the opportunity to advance the dialogue around ESG. Elevating ESG principles can strengthen the bottom line and the greater good."
The role of ESG & good work

ESG: For the Greater Good and the Bottom Line

Monday, May 23, 2022
8:00 pm CET

Kate Brennan, General Counsel and Chair, Management ESG Committee, Marsh McLennan
Nick Studer, CEO, Oliver Wyman

How our company advances good in the world has always been important to us; and environmental, social and governance considerations have been a formal part of our decision-making since 2008. That ESG concerns are moving toward the center of corporate decision-making is good news for society. How can we meet our shared challenge to bring an even greater urgency to advancing social equity, sustainability and accountability?

Refugee Environmental Protection Fund: A Discussion With the UN Refugee Agency

Tuesday, May 24, 2022
7:00 am CET

Shirin Pakfar and Siddhartha Sinha, UNHCR
Nick Studer and Christian Edelmann, Oliver Wyman 

The UN Refugee Agency is launching a Refugee Environmental Protection Fund to invest in reforestation and clean cooking programs in refugee situations globally. The fund is a flagship, high visibility project run by the UNHCR  and with direct support from the High Commissioner. It is a central part of UNHCR’s Operational Strategy for Climate Resilience and Environmental Sustainability 2022-2025. Oliver Wyman has supported some of the work underpinning the ideation and planning of the fund over the last year. We are now one of the corporate founding partners alongside two governments, a prominent law firm and a large European development bank. 

Transforming Work, Reshaping the Future

Wednesday, May 25, 2022
7:00 am CET

Ravin Jesuthasan, Senior Partner and Global Leader for Transformation Services, Mercer

This year, amidst a radically changed world, we will focus on how business leaders can build resilience and agility in the face of extreme uncertainty and ready themselves for meeting the extraordinary challenges that lie ahead. This will require rebooting their organization’s work operating system, embracing new work standards, proactively addressing environmental, social and governance imperatives and prioritizing diversity, equity and inclusion. Our panel of business and thought leaders will explore a transformational path to a new, connected future. 

The role of financial services & trust

The Challenges We Face: How Financial Services Can Help

Monday, May 23, 2022
12:00-1:30 pm CET

Nick Studer, CEO, Oliver Wyman
Ted Moynihan, Managing Partner, Oliver Wyman

Companies and societies face significant challenges. Recovering from a global pandemic, mounting inflation, war-stressed supplies, and a closing window to accelerate the transition to net-zero all loom large. The Financial Services industry needs to play an integral role in helping to steer the global economy through these challenges. At the same time the forces of disruption in the industry driven by decentralised finance and digital assets are accelerating. Join us as we explore how Financial Services can collaborate and transform in new ways to help face these challenges.

WEF Session: How Detached Are Markets From Economic Reality?

Tuesday, May 24
12:00 pm CET

Amid the pandemic, supply shocks and war, markets have remained broadly buoyant and at times reached unpredictable highs. Oliver Wyman CEO Nick Studer will join a panel of industry leaders to discuss how detached markets are from economic reality.

Watch replay here.

The Need for Trusted Information: Ukraine, COVID, Politics and Beyond

Wednesday, May 25, 2022
7:00 am CET

John Romeo, Managing Partner, Head of the Oliver Wyman Forum
Kamal Ahmed, Editor-in-Chief, The News Movement

This interactive panel discussion will gather senior leaders from business, media, academia, policy and civil society for an engaging discussion on misinformation and how it is shaping our world. What role do digital and social media play in spreading misinformation? How does misinformation contribute to geopolitical conflict? What role should private and public institutions play in countering misinformation? And finally, what is the cost of misinformation to your business and how do you navigate it?

The role of sustainable investment

In Collaboration With WEF: Financial Resilience for Every Generation

Wednesday, May 25, 2022
9:00-10:30 am CET

Rich Nuzum, Mercer's President for Investments & Retirement, joins a discussion of the Longevity Economy initiative, part of the World Economic Forum’s Shaping the Future of Financial and Monetary Systems Platform that explores the role governments, employers and individuals all have in designing a retirement system that ensures financial resilience and better health outcomes. 

In Collaboration With WEF: Emerging Industry Practices in Transformational Investment

Wednesday, May 25, 2022
2:00-3:00 pm CET

Rich Nuzum, President, Investments & Retirement, Mercer

This session will share findings from a study conducted in partnership with the World Economic Forum on how the world’s largest, most sophisticated institutional investors are pursuing opportunities and mitigating risks associated with long-term systemic challenges to our economy, society and planet. Three years of research, 250+ engagements with the world’s largest asset owners and a benchmarking self-assessment completed by more than three dozen of the largest investors provide the insights.

WEF Panel: Rethinking Risks to Accelerate Sustainable Investments

Wednesday, May 25, 2022
4:45-6:00 pm CET

Alex Moczarski, Chairman International for Marsh McLennan, will join a discussion of how to continue the momentum of sustainable investing.

Meet some of our speakers & participants 
Amy Barnes
Head of Sustainability & Climate Change, Marsh
Amy is responsible for leading Marsh’s global strategy on the development of climate and sustainability-related initiatives for clients, particularly in relation to the impact of a changing physical risk landscape, the improvement of access to capital for green initiatives and efforts to gain a more thorough understanding of climate-related project risk.
Kate Brennan
SVP & General Counsel, Marsh McLennan
Kate leads Marsh McLennan’s global legal, compliance and public affairs function, which supports the Company’s four businesses, Marsh, Guy Carpenter, Mercer and Oliver Wyman. She also leads the Company’s ESG efforts. Kate has held several legal and compliance leadership roles at Marsh McLennan, serving most recently as General Counsel, Marsh LLC. She also served as Deputy General Counsel, Corporate Secretary and Chief Compliance Officer for Marsh McLennan from 2017 to 2021, and prior to that, as General Counsel of Guy Carpenter. Kate currently serves on the Board of the Red Cross of Greater New York.
Ravin Jesuthasan
Global Leader for Transformation Services, Mercer
Ravin is a recognized global thought leader and industry shaper with a deep understanding of the future of work, human capital and workforce transformation. He has nearly 30 years in the HR consulting industry. His experience includes leading large-scale restructuring and transformation engagements for multinational companies. Ravin is a regular participant and presenter at the World Economic Forum’s annual meetings and is a member of the forum’s Steering Committee on Work and Employment.
Alex Moczarski
Chairman International, Marsh McLennan
Alex, a former president and CEO of Guy Carpenter, is responsible for the oversight of Marsh McLennan's international strategy, as well as its expanding group of Country Corporate Officers located in regions around the world. Prior to joining Guy Carpenter in 2011, Alex served as President and CEO of Marsh's International Division, comprising all countries outside of the United States and Canada. Alex, who has more than 30 years of experience in the insurance industry, joined Marsh in 1993 as director of planning and development for Argentina and Chile.
Ted Moynihan
Global Head of Industries, Oliver Wyman
Ted is a Partner and Global Head of Financial Services. Prior to this, Ted led Oliver Wyman Financial Services in Europe and served as the Global Head of the Corporate & Institutional Banking Practice. Ted's background is in mathematics and control engineering, which was his specialty for a number of years before joining Oliver Wyman. Ted has concentrated on investment banking strategy, and in recent years has led several bank-wide initiatives for global bulge firms, looking at strategic opportunities across all business lines and reporting regularly directly to the executive committees on a range of issues.
Rich Nuzum
President, Investments & Retirement, Mercer
Rich is President of Mercer’s Investments & Retirement business and a member of Mercer’s Executive Leadership Team. Rich is also the Executive Sponsor for Mercer’s Pride Business Resource Network. Rich is responsible for Mercer’s delivery of investment consulting, open architecture manager-of-managers investment management, and retirement actuarial consulting services and solutions globally. During the past 25 years, Rich has provided investment advice to clients in more than 20 countries, including many of the world’s largest institutional investors.
John Romeo
Managing Partner, Head of the Oliver Wyman Forum
John is a Managing Partner at Oliver Wyman and Head of the Oliver Wyman Forum, the firm’s platform for engaging key business, public policy and societal leaders to act on shared challenges and create positive impact in society. John also founded and continues to lead Oliver Wyman’s Private Capital business, working with leading Private Equity funds and alternative asset managers on business model strategy, deal generation, diligence and value creation. He has over 25 years of consulting experience advising the boards and senior executives of the world’s leading private and public sector organizations on strategy, organizational effectiveness, risk management and M&A.
Nick Studer
President & CEO, Oliver Wyman
Nick Studer is the President and CEO of Oliver Wyman Group. Nick has over 20 years of experience consulting in the UK, Continental Europe and North America. He has worked with chief executives and other senior leaders of the world's top companies on topics spanning governance, strategy, financial planning, risk management and public policy & regulatory response. Nick has advised senior government leaders and policy makers on topics of industry competitiveness and stability, and supported the World Economic Forum on the Role of Financial Services in Society.
Join the conversation #WEF22
Ravin Jesuthasan, Global Leader for Transformation Services, Mercer
We’re seeing this era of skills become the currency of work, no longer the job. Where are you seeing growth? What’s being demanded, either in the industry you’re in, or an industry you’d like to get into?
Ravin Jesuthasan, Global Leader for Transformation Services, Mercer in Fast Company
Nick Studer, CEO, Oliver Wyman
It’s very easy to make that call early and make the recession for yourself before the actual recession comes along.
Nick Studer, CEO, Oliver Wyman in the Wall Street Journal