Marsh & McLennan Launches Asia Pacific Risk Center in Singapore

Marsh & McLennan Cos. and the Singapore Economic Development Board (EDB) announced the launch of the Asia Pacific Risk Center (APRC) in Singapore, which aims to analyze key risks facing industries and governments in Asia, ultimately helping the region’s decision makers address these risks.

“The APRC will generate new perspectives on the major risks facing Asia Pacific industries, governments, and societies today,” said John Drzik, chairman, Global Risk Center, Marsh & McLennan Companies. “By leveraging actionable insights from the APRC, businesses and governments will be able to respond to threats and challenges faster, and stay ahead of the curve.”

The APRC, which is MMC’s inaugural risk research institute in Asia Pacific, will “further strengthen Singapore’s position as an intellectual capital hub by creating a dozen new research positions in the city and bringing leading experts from academia and industry together at conferences and workshops,” said MMC in a statement.

Oliver Wyman partner Wolfram Hedrich will serve as the APRC’s Executive Director, based in Singapore.

In addition, the APRC announced the launch of its digital news hub, BRINK Asia, sponsored by MMC in partnership with Atlantic Media Strategies. “BRINK Asia will provide up-to-the-minute insights relevant to top executives and policy leaders on current and emerging risks relevant to the Asian market,” said MMC in a statement.

“We are delighted that Marsh & McLennan has chosen to locate its first risk center for Asia Pacific in Singapore,” said Kelvin Wong, assistant managing director, EDB. “Its decision is testimony to the importance of hub services as a growth driver for the Singapore economy, and will be a great boost to our business-research ecosystem.”

Source: Marsh & McLennan Cos.