NEW YORK, Feb. 24, 2015 (GLOBE NEWSWIRE) -- Willis Capital Markets & Advisory ("WCMA"), part of Willis Group Holdings plc (NYSE:WSH), the global risk advisor, insurance and reinsurance broker, has today announced that Managing Director, John D. Philipsz, has relocated from London to establish WCMA operations in Sydney, Australia. The new office will complement WCMA's existing presence in Hong Kong, led by Michael Guo, Head of WCMA Asia.
Mr. Philipsz joined WCMA in 2010 from Bank of America in London, where he was a Director in the Financial Institutions Group. He has broad experience in the financial services industry having executed numerous M&A and financing transactions for both public and private clients, primarily in the insurance sector. Prior to Bank of America, he worked in the Financial Institutions Group at Noble & Company in London, and at Merrill Lynch in New York and Tokyo.
Commenting on the move, Tony Ursano, CEO of WCMA, said: "The new WCMA platform will reinforce our activities across Asia, which is a high-growth region for both investment banking and insurance. Under the leadership of Michael and John, WCMA is well-positioned to support clients as economies across Asia continue to expand. John has been fundamental to the success of WCMA from London and will continue that success from Sydney."
Willis Capital Markets & Advisory, with offices in New York, London, Hong Kong and Sydney, provides advice to companies involved in the insurance and reinsurance industry on a broad array of mergers and acquisition transactions as well as capital markets products, including acting as underwriter or agent for primary issuances, operating a secondary insurance-linked securities trading desk and engaging in general capital markets and strategic advisory work. Since WCMA's formation in 2009, the group has advised on approximately 60 M&A and capital raising transactions and is actively engaged in many more assignments for Willis clients. Willis Capital Markets & Advisory is a trade name used by Willis Securities, Inc., a licensed broker dealer authorized and regulated by FINRA and a member of SIPC, and Willis Capital Markets & Advisory Limited, an investment business authorized and regulated by the UK Financial Conduct Authority.
Willis Group Holdings plc is a leading global risk advisor, insurance and reinsurance broker. With roots dating to 1828, Willis operates today on every continent with more than 18,000 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world's leading authorities on analytics, modelling and mitigation strategies at the intersection of global commerce and extreme events. Find more information at our website, www.willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WillisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.
This communication should not be regarded as an offer to sell or as a solicitation of an offer to buy, any security. The information contained herein is as of this date only, is subject to change and does not contain all information necessary to adequately evaluate an investment in any financial instrument. No representation or warranty, express or implied, is made as to the accuracy or completeness of such information and nothing contained herein is, or shall be relied upon as, a representation, whether as to the past, the present or the future. Information contained in this communication may not reflect information known to other employees in any other business areas of Willis Group and its affiliates.
Source:Willis Group Holdings