Jeffrey Greenberg, who had run insurance giant Marsh & McLennan since 1999, resigned Monday, less than two weeks after his firm was charged with bid-rigging.

After the announcement, New York Attorney General Eliot Spitzer, who 11 days ago filed the charges against Marsh, said he would not pursue a criminal case against the company.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.