Howden M&A has appointed James Kay and Simon Worker as directors.
The company said that it had bolstered its APAC broking team in response to growth in deals I the region and a surging demand for M&A insurance.
Kay began his role in Singapore on 1 March. Prior to joining Howden, he worked for Marsh JLT where he was regional assistant director for Asia with direct responsibility for all South Asian M&A insurance solutions. Worker is relocating from Howden M&A’s London W&I team to bolster its Hong Kong offering. As a director on the team, Worker will lead on advising clients and negotiating M&A insurance solutions to help mitigate transactional risks. He will have a particular focus on multi-jurisdictional operational transactions.
Jenny Lim, executive director and head of financial lines Asia at Howden M&A, said: “With our growing clientele base in Asia, we believe that having a strong M&A specialty presence within Asia will allow Howden to better service our clients who are increasingly looking into M&A opportunities to enhance their businesses. Talent acquisition is central to our strategy, and we are confident that our newly expanded team is well-equipped to match this increased demand.”
Howden spoke, in a statement, about the increasing demand for bespoke insurance solutions for M&A transactions in APAC; in 2021, there were 20,694 deals with an aggregate value of $1.193 trillion, up from 17,745 deals worth $921 billion in 2020. Consequently, there is a significant growth in demand for M&A insurance in APAC, with clients seeking to manage the transactional risks that arise in the course of M&A transactions.
