Marsh McLennan’s Glaser joins Clayton, Dubilier & Rice

Dan Glaser, former president and CEO of Marsh & McLennan, has been appointed as an operating partner at New York-based private equity firm Clayton, Dubilier & Rice (CD&R).

According to a post by the company, Glaser will work with the firm’s Financial Services team to source new investments and “support value creation efforts in the existing portfolio”.

Glaser joined Marsh & McLennan in 1982 and held senior positions in commercial insurance and insurance brokerage across the United States, Europe, and the Middle East. As president and chief executive officer, Glaser oversaw the company's Marsh, Guy Carpenter, Mercer, and Oliver Wyman brands, before leaving the role after ten years at the end of 2022. He has also served as the chairman of the US Federal Advisory Committee on Insurance and on the board of Ascot Syndicate. He remains co-chair of the International Advisory Board for British-American Business.

“With his over 40 years of financial services operating experience, I believe Dan will have a very significant impact on our ability to source, evaluate and manage opportunities in the financial services sector,” said CD&R Co-President Rick Schnall.

“His reputation for operational excellence precedes him, and we believe his expertise will greatly benefit our firm.”

CD&R partner and financial services vertical leader David Winokur added: “I could not be more excited to be partnering with Dan to build CD&R's Financial Services vertical into an industry-leading platform.”

Glaser welcomed his new role. “CD&R has a track record of partnering with management teams to build stronger and better-performing businesses,” he said. “I look forward to working alongside the talented financial services team to deepen our presence across our core subsectors of insurance, wealth and retirement services, banking and credit services, and fintech.”

Clayton, Dubilier & Rice is one of the world's oldest private equity investment firms. Since its inception in 1978, CD&R has managed the investment of more than $40 billion in over 100 companies with an aggregate transaction value of more than $175 billion.