Willis Group Holdings has confirmed Rafal Walkiewicz and Michael Guo as co-CEOs to lead Willis Capital Markets & Advisory (WCMA), the firm’s insurance investment banking business. They will succeed Tony Ursano, who has led WCMA since 2009.
“WCMA advises clients in the insurance and reinsurance industry on merger and acquisition transactions, capital markets products and insurance-linked securities,” said the announcement. It was established in 2009, and operates from New York, London, and Hong Kong. In February 2015, WCMA established operations in Sydney “to support its increasing volume of work in high-growth Asian markets.”
Walkiewicz joined WCMA as a managing director in 2014 after ten years with Goldman Sachs, where he served in the bank’s financial institutions group. Guo joined Willis in 2013 as WCMA’s head of Asia, having been a Partner and Managing Director of Boston Consulting Group’s Financial Services Practice.
Willis Group CEO Dominic Casserley commented: “Our commitment to WCMA is strong. It sits at the heart of many of the most exciting changes taking place in the re/insurance industry. Rafal, Michael and the whole WCMA leadership team will ensure that our analytical capabilities, strength in reinsurance and capital markets experience are deployed to achieve the very best outcomes for our clients.”
He also noted that WCMA “is a business with real impetus and energy. I look to the WCMA leadership team to sustain the tremendous client impact achieved over the past several years. I also want to thank Tony for his leadership and hard work building WCMA over the past six years.”
Source: Willis Group Holdings
Was this article valuable?
Here are more articles you may enjoy.