Marsh & McLennan is reorganising its Marsh brokerage business under new chief executive officer Daniel Glaser, consolidating divisions and replacing key members of its management, the company said.

Phil Moyles, the CEO of the Americas brokerage operation, and Mark Feuer, chief operating officer of the US operations, have resigned, said MMC spokeswoman Christine Walton.

Under the new structure those positions no longer exist as they had been, she said.

"Marsh is being consolidated into a simpler structure," she said.

The former three geographically based regional operations - The Americas, which included Canada, the United States and Latin America; Europe, Middle East and Africa; and Asia-Pacific - have been reduced to two geographic divisions, Walton said.

"That has been consolidated into US/Canada, which now does not include Latin America," she said. "Everything else goes under the new international division."

Ms Walton said Joseph M. McSweeny of Willis Group Holdings will be president of the US/Canada division. Alexander Moczarksi, chief executive of the Europe, Middle East and Africa region, has been named president of the international division.

Alexander W. Vietor, who joined Marsh in December, will serve as president of Marsh's global specialties. Timothy J. Mahoney will lead the enhanced global risk management unit, into which the industry practices will now report.

Marsh will retain its Global Consumer Division under president Henry S. Allen,Walton said.

All the executives will report directly to Mr. Glaser. Ms Walton said the changes become effective immediately. "Simplifying the current structure will enable Marsh to reduce complexity and improve efficiencies within the organisation," Mr. Glaser said in a statement.

When Mr. Glaser was named to his post last month, he said, "I can't tell you what my strategies are going to be - but I can tell you that those strategies will ultimately be geared to serving clients, basic strategies around blocking and tackling, in terms of putting resources and tools closest to the customer."

A couple of weeks after Mr. Glaser's appointment, MMC's board forced the resignation of Michael Cherkasky as the corporation's president and CEO because of poor financial performance.