MMC Announces New Leadership for Mercer Specialty Consulting; John Drzik to Head Specialty Consulting Group; Succeeds David Morrison, Who Will Retire

Mercer Specialty Consulting comprises Mercer Management Consulting(strategy and operations consulting), Mercer Oliver Wyman (financialservices and risk consulting), Lippincott Mercer (brand strategy anddesign consulting), Mercer Delta Organizational Consulting(organizational architecture and change consulting) and NationalEconomic Research Associates (economic consulting).

John Drzik, President of Mercer Oliver Wyman, will succeed Mr.Morrison as President of Mercer Specialty Consulting. Mr. Drzik willcontinue to lead Mercer Oliver Wyman, a position he has held since thefirm's formation following MMC's acquisition of Oliver, Wyman &Company in 2003. He will report directly to Michael G. Cherkasky,President and Chief Executive Officer of MMC.

Mr. Cherkasky said: "We are grateful for David Morrison'sleadership and contributions to our company in the areas ofthought-leadership, mergers and acquisitions, and management. Over thepast three years, Mercer Specialty has achieved tremendous growth andproduced excellent results. We are fortunate that John Drzik, who hasdistinguished himself through his outstanding performance track recordand professional accomplishments, will lead the group and continue tobuild on the strong direction set under David's tenure.

"Mercer Specialty has grown to $1.1 billion in annual revenue andhas produced strong results for the past five quarters, includingrevenue growth of 14 percent, or 17 percent on an underlying basis, inthe first quarter of 2006. This group's growth pattern throughout2005, as well as its outstanding performance in the first quarter of2006, reflects strong revenue growth in Mercer MC's strategy andoperations business, Mercer Oliver Wyman's financial services and riskmanagement consulting business, and Lippincott Mercer."

Mr. Drzik, 44, joined Oliver, Wyman & Company in 1984, becamePresident in 1995, and was appointed Chairman in 2000. In 2003, he ledthe merger and integration of Oliver Wyman into Mercer SpecialtyConsulting. He has played a key role in establishing the firm'sleadership position in financial services strategy and risk managementconsulting and was a driving force in growing the firm's annualrevenues from less than $30 million in 1994 to well over $300 millionin 2005.

Mr. Drzik was selected as a "Top 25 Consultant" by Consultingmagazine in 2005. He is the author of numerous articles on thefinancial services industry and a frequent speaker in the U.S.,Europe, and Asia at industry conferences and regulatory forums. Mr.Drzik is also the founder of the Mercer Oliver Wyman Institute, acooperative undertaking between the firm and leading academics,designed to accelerate knowledge transfer between the academiccommunity and the financial services industry and a member of theAdvisory Board at the Wharton Financial Institutions Center.

MMC is a global professional services firm with annual revenues ofapproximately $12 billion. It is the parent company of Marsh, theworld's leading risk and insurance services firm; Guy Carpenter, theworld's leading risk and reinsurance specialist; Kroll, the world'sleading risk consulting company; Mercer, a major global provider ofhuman resource and specialty consulting services; and PutnamInvestments, one of the largest investment management companies in theUnited States. Approximately 55,000 employees provide analysis,advice, and transactional capabilities to clients in over 100countries. Its stock (ticker symbol: MMC) is listed on the New York,Chicago, Pacific, and London stock exchanges. MMC's website address iswww.mmc.com.