Marsh has spent the past 30 years specialising in acquisitions and expansion strategies for firms including AXA and The Co-operative and founded his own company, Marsh Corporate Consulting.

Clare Bruce, Nunwood’s CEO, suggested Marsh’s arrival would trigger Nunwood’s entry into other markets on top of its activities in the UK and US, however she declined to discuss specifics at this time.

Marsh (pictured) said: “Market conditions are tough, but there are definite opportunities out there for growing Nunwood’s market share considerably.”