KJ Harrison & Partners Inc.

March 27, 2008 10:30 ET

K.J. Harrison & Partners Inc. Pulls Shareholder Resolution for Spin-Out of Marsh & McLennan Subsidiaries

TORONTO, ONTARIO--(Marketwire - March 27, 2008) - K.J. Harrison & Partners Inc. (KJH) of Toronto, a private client investment management firm in Toronto, Canada, announces that they have pulled their shareholder resolution filed November 2007 with Marsh & McLennan Companies, Inc. seeking the spin-out of subsidiaries Kroll Inc. and Mercer Inc.

Jim Harrison, CEO of K.J. Harrison & Partners, said, "We support the decisive board action culminating in the appointments of Marsh & McLennan CEO Brian Duperreault and Marsh Inc. CEO Daniel Glaser. We believe shareholders will be best served by supporting Mr. Duperreault and his team in improving the operating and financial performance of the businesses and in assessing which businesses Marsh & McLennan should continue to own and operate. We look forward to the Company returning to success over the next several quarters."

Contact Information