NEW YORK -- Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and a part of the Marsh & McLennan Companies (NYSE: MMC), announced today that it has appointed Paul Lumbis as Managing Director of Corporate Finance, Europe. Mr. Lumbis will be responsible for leading the firm's European corporate finance business, with a particular emphasis on mergers and acquisitions (M&A). He also will help establish the strategic direction of Guy Carpenter's Solutions Group and the firm's Investment Banking Specialty Practice and join the leadership team of Guy Carpenter's UK operations.
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Mr. Priebe added, "Paul will be responsible for building a market-leading corporate finance practice dedicated to the European insurance market that is second to none. In addition to focusing on originating buy-side and sell-side mandates and managing the execution of European M&A, he will be working closely with our account teams to advise clients on mergers, acquisitions and divestitures that align with their corporate objectives."
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Prior to joining Guy Carpenter, Mr. Lumbis was a Senior Manager in the Insurance Sector team of Ernst & Young, with a lead role in the Lloyd's, London and Bermuda insurance markets practice, focusing on M&A transactions, start-ups, IPOs and private debt and equity capital raising. He has more than 14 years of experience in the UK and international life and general insurance industry. Previously, he worked for Aviva PLC in London, where he helped direct the firm's international growth strategy and personally managed numerous UK and international transactions.
Mr. Lumbis is a graduate with Distinction of the London Business School's MBA program, where he majored in corporate finance. He also holds a BSc with Honors in business from the University of Hertfordshire.
Mr. Lumbis stated, "I am excited by this opportunity to combine my expertise in international insurance transaction management and corporate finance with Guy Carpenter's strong market presence and excellent reputation. Our current and future clients can look forward to the highest quality of informed market-specific advice, level of service and degree of choice."
Guy Carpenter & Company, LLC is the world's leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies. Guy Carpenter creates and executes reinsurance and risk management solutions for clients worldwide through 2,600 professionals across the globe. The firm's full breadth of services includes 16 centers of excellence in Accident & Health, Agriculture, Alternative Risk Transfer, Environmental, General Casualty, Investment Banking*, Life & Annuity, Marine & Energy, Professional Liability, Program Manager Solutions, Property, Retrocessional, Structured Risk, Surety, Terror Risk, and Workers Compensation. In addition, Guy Carpenter's Instrat[R] unit utilizes industry-leading quantitative skills and modeling tools that optimize the reinsurance decision-making process and help make the firm's clients more successful. Guy Carpenter's website address is www.guycarp.com.
*Securities or investments, as applicable, are offered in the United States through MMC Securities Corp., a US registered broker-dealer and member FINRA/SIPC. Advice on securities or investments in the European Union is provided through MMC Securities Ltd., regulated by the Financial Services Authority for the conduct of investment business in the United Kingdom. Reinsurance products are placed through qualified affiliates of Guy Carpenter. MMC Securities Corp. and MMC Securities Ltd. are affiliates of Guy Carpenter.
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