Marsh deal threatens jobs
Redundancies will not be revealed until end of Q1
Marsh's acquisition of HSBC Insurance Brokers has led to uncertainty over the future of its 1,400 employees.
Dan Glaser, Marsh's chairman and chief executive, said: "Any job losses are yet to be quantified and will be disclosed when the deal is finalised at the end of Q1. At this early stage it's virtually impossible to say but the transaction has been driven by growth."
Marsh said the £135m sum paid for the UK's 9th largest broker would be delivered in a mixture of Marsh & McLennan Companies
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