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
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.