Willis organization Holdings percent announced that it has
obtained the applicable regulatory approvals from the economic Authority of
Singapore and has finished its acquisition of expert broking Charles Monat
restricted, a life insurance solutions provider to excessive net worth
customers. Willis introduced its settlement to the corporation in January 2014.
The terms of the transactions were not disclosed.
Willis said it's going to integrate Charles Monat’s
operations with its very own in view to expanding its “international Wealth
solutions (GWS) exercise, improving Willis’ groups in Hong Kong, Singapore and
Zurich and developing Willis’ footprint in the course of the Asian and wider
worldwide markets.”
Yves Guélat, leader executive Officer of Willis
international Wealth solutions, commented: “Receiving regulatory approval is a
key milestone on this technique and we are grateful for the help of the
financial Authority of Singapore. the combination of Mr. Charles Monat and his
60-strong crew in to Willis’ GWS practice affords us with improved offerings
for all our customers and could help us to build our skills and presence on
this growing global market.”
Charles Monat has been appointed Chairman of Willis
worldwide Wealth answers. He commented: “this is an exciting time for Charles
Monat limited’s personnel and customers. Combining our historical past and
information, mainly in speedy-developing Asian markets, with Willis’
neighborhood and worldwide community of specialists and products is good news
for clients. We look ahead to operating with our new colleagues during the Willis
group to develop our professional presenting and purchaser base.”
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