- Lien, Philipsz to head Asia strategy for capital-markets unit
- Walkiewicz to be sole CEO of capital markets unit, work in NYC
Willis Towers Watson Plc, the company created this year by the merger of insurance broker Willis Group Holdings Plc and consulting firm Towers Watson & Co., said Michael Guo is stepping down as co-chief executive officer of the investment-banking division.
Rafal Walkiewicz in New York will be the sole CEO of Willis Capital Markets & Advisory, the London-based company said Wednesday in a statement. Guo, who joined in 2013 from Boston Consulting Group, was based in Hong Kong.
“Rafal has been instrumental to the success of WCMA over the past few years and I am confident he will continue to strengthen its client offering and drive the business forward in new markets,” Willis Towers Watson Deputy Chief Executive Officer Dominic Casserley said in the statement. “I also want to thank Michael for the valuable contribution he has made to WCMA’s global footprint by further developing and broadening its client relationships and market coverage in Asia.”
Willis has been hiring from Wall Street to build WCMA, which provides advice on mergers and acquisitions and other capital-markets deals. Walkiewicz joined from Goldman Sachs Group Inc. in 2014, and Willis last month announced the addition of Deutsche Bank AG’s Vincent Lien in Hong Kong as part of a push into dealmaking in Asia.
Lien will take responsibility for leading the unit’s Asia strategy along with John Philipsz, who is in Australia, according to the statement. Willis has worked on deals including Shanghai-based Fosun International Ltd.’s 2015 purchase of Meadowbrook Insurance Group Inc. in the U.S., and China Minsheng Investment Corp.’s acquisition of Sirius International Insurance Group.
Guo didn’t immediately respond to a message seeking comment through his LinkedIn account.