Willis Towers Watson hires financial solutions leader from Marsh

Broker Willis Towers Watson has appointed Lee Garvey to lead the expansion of its financial solutions business across the Australasia region.

Garvey was most recently heading the lenders solutions group Asia business at Marsh. He is returning to WTW where he previously worked in 2012.

Garvey specialises in structured credit and political risk insurance and has experience working with large corporate and investments banks, funds and private equity, mining companies and corporates.

In his new role as head of financial solutions for Australia and New Zealand, Garvey will oversee the development of all products including credit and non-payment insurance, political risk insurance, commercial surety, terrorism and political violence, and lenders insurance advisory within the financial solutions global line of business in the region.

Initially based in Singapore and supporting regional initiatives, Garvey will transfer to Sydney in due course and be based in Australia. He will report to Fabien Conderanne, Asia Pacific head of financial solutions, Corporate Risk and Broking in Willis Towers Watson.

Conderanne said: "We see tremendous opportunities for banks and corporates in Australia and New Zealand to benefit from our Financial Solutions products, particularly credit and political risk insurance. Lee brings an invaluable experience having worked in the market for many years with large financial institutions and corporates. His expertise will undoubtedly make a difference to clients in the Australasia market."

Simon Weaver, head of Australasia and head of Corporate Risk & Broking, Australasia at WTW, added: “We look forward to welcoming Lee to our Australasian business where he will join a team of experienced brokers providing specialist advice to clients across many areas. His skills will be a complementary fit with our strategy to provide risk advisory and broking services to the business community here.”

Christophe Meurier, WTW's CEO of financial solutions, commented: "We are delighted to welcome Lee to the global Financial Solutions business in WTW. His addition further strengthens our commitment to deliver consistently high-quality outcomes to our clients by continually building and enhancing the depth and experience of our global team."