Guy Carpenter launches Capital & Advisory group

Guy Carpenter & Co. LLC, the reinsurance business of Marsh & McLennan Cos. Inc., Monday named former Teneo Holdings Inc. executive Alexander Schnieders to lead Guy Carpenter’s new Capital & Advisory group, part of its Global Capital Solutions unit.

The group will raise capital for clients, advise on capital and M&A transactions, create new market capacity, and support new company formation, Guy Carpenter said in a statement.

Mr. Schnieders, who was most recently head of the financial institutions group and co-head of mergers and acquisitions for Teneo, will report to Laurent Rousseau, CEO of Europe, IMEA and Global Capital Solutions, the statement said.