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Julio A. Portalatin was Vice Chair of Marsh & McLennan Companies (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. Prior to becoming Vice Chair, Mr. Portalatin served as President and CEO of Mercer, a business of Marsh & McLennan that delivers advice and technology-driven solutions to help organizations meet the health, wealth and career needs of their workforces in more than 140 countries.
Under his leadership, Mercer:
› Oversaw a major repositioning of the business resulting in operating income doubling and assets under delegated management increasing fivefold to nearly 300bn.
› Launched innovative wealth offerings and created a portfolio of solutions focused on the financial security of clients and their employees while advising on 11 trillion dollars of assets.
› Accelerated Mercer’s own future with 29 timely acquisitions.
› Advanced into the digital space through acquisitions, such as Thomsons Online and innovative partnerships, including PayScale; as well as the creation of web-enabled marketplace solutions.
› The organization he shaped now touches the health, wealth and careers of more than 115 million people daily.
› Expanded its global footprint and increased revenue from growth markets, which now represents more than half of the firm’s revenue growth.
› Developed a client group offering around people, investment and risk knowledge specifically tailored to the needs of multinational companies.
Since 2017, Mr. Portalatin has been on the Board of DXC Technologies. He actively supports several nonprofit organizations and currently sits on the boards of AARP, Covenant House International, Hofstra University and Mt. Sinai Advisory. He has been a steward of the World Economic Forum and has shared insights with a range of media including The Economist, The Wall Street Journal, Fortune, CBS, CNBC, Fox News and CEO Magazine.
Prior to joining Marsh & McLennan, Mr. Portalatin held numerous leadership positions with AIG. He earned a Bachelor of Science degree in Business Management and holds an honorary doctorate from Hofstra University.