Willis Towers Watson bolsters Asia presence with two senior financial services hires

September 22, 2016

HONG KONG, 22 September 2016 — Willis Towers Watson (NASDAQ: WLTW), the leading global advisory, broking and solutions company, has made two key appointments to strengthen its financial services capabilities across Asia.

Patricia Pang has joined as an Executive Director in the Financial Solutions division, in which she will be Financial Solutions Credit Insurance Product Leader for North Asia. Based in Hong Kong, Patricia will support clients by focusing on credit, receivable finance, and supply chain finance.

Kirk Lee has also joined as an Executive Director in the Financial Solutions division, and will be Financial Solutions Regional Financial Institutions Product Leader. Kirk is based in Singapore, and will drive the regional financial institutions business with a focus on trade credit.

Stuart Ashworth, Managing Director, Financial Solutions, Asia Pacific at Willis Towers Watson, said: “These are new positions that reflect our ongoing commitment to this high-growth region. Global growth worries and a rising US dollar are likely to put pressure on corporates and supply chains in Asia Pacific, and we believe our clients will benefit from enhanced, on-the-ground, credit risk expertise.

“Willis Towers Watson recognises that its clients are under increasing pressure globally to grow their businesses in the face of constantly changing regulatory and capital requirements. These additional senior resources in the region will allow our clients to maximise their capital and manage their risks.”

Patricia joined from Euler Hermes, where she spent five years as Hong Kong Business Development Manager. Prior to this she spent six years at the Hong Kong Export Credit Insurance Corporation. She holds a Bachelor's degree in Japanese and Marketing, and a Master’s degree, both from City University of Hong Kong.

Prior to joining Willis Towers Watson, Kirk was a member of the trade programmes and credit insurance unit within the transaction banking, liability and risk weighted assets management team at Standard Chartered Bank. Kirk has also worked as a credit and political risk insurance broker for Gallagher's and HSBC Insurance Brokers, and as an underwriter at Euler Hermes and QBE.

Paul Davidson, Chairman and CEO, Financial Solutions, Willis Towers Watson, said: “We are delighted to welcome Patricia and Kirk to our global financial solutions team. Asia continues to offer significant growth opportunities for the application of credit and political risk insurance solutions for financial institutions and corporate and trader clients, particularly in light of the continuing complex and volatile political and economic landscape currently being confronted."

Established in 1979, and now recognised as a market leader, Willis Towers Watson’s Financial Solutions division is the largest structured credit and political risk broker. The business mitigates risk by way of broking credit and political risk insurance in excess of USD 30 billion of emerging market exposure annually, with approximately 25% of the world market share.

Staffed by more than 100 credit and political risk insurance specialists, the Financial Solutions division has hubs in London, Singapore, Hong Kong, Melbourne New York, Chicago, Los Angeles, Sao Paulo, Buenos Aires, Copenhagen, and Dubai. With a truly global platform, Willis Towers Watson is uniquely positioned to access the entire global insurance market in order to obtain the most comprehensive coverage at the most cost- effective terms.

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW ) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

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