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Global broker Marsh will retain its business units.

After completing a three-month internal review, Marsh & McLennan Cos. said it wouldn't sell or spin off any of its main business units.

The review, initiated in March, focused on the operations of global broker Marsh Inc.; reinsurance broker Guy Carpenter & Co.; Kroll Inc., a risk consulting company; and the investment-management firm Putnam Investments.

The announcement that Marsh & McLennan would keep the businesses put to rest recent speculation that Marsh intended to divest itself of Putnam, which has suffered financially from regulatory investigations and lawsuits over alleged market timing and excessive short-term trading by its employees, as well as "shelf space" arrangements with broker-dealers.
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Title Annotation:Companies; Marsh and McLennan Companies Inc.
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 1, 2005
Words:103
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