Global re/insurance broker WTW has appointed Wise Xu as country leader for China, effective September 1.
Wise, who will retain his current position as head of corporate risk and broking in China, takes over from Smilla Yuan, who is set to leave the company towards the end of August.
Based in Beijing, Wise will be working with various business leaders across the company in China to facilitate growth development of WTW across its people and risk businesses.
He will also become a member of WTW’s Asia Leadership Team.
Xu has spent nearly 24 years with WTW and has been leading the company’s CRB business in China since 2016.
“Over the last few years, we continue to see double-digit growth of our business in China,” said Scott Burnett, head of Asia and head of CRB Asia.
“It is also the largest market for WTW in Asia and we see ample opportunities especially in the post-Covid-19 recovery, supporting companies as they stabilise their businesses and adjust their supply chain strategies in the new normal.
“Under Wise’s leadership, I am confident that he will be able to further this growth and strengthen the extensive relationships we have with our clients and partners in China.
“I would also like to express our sincere appreciation to Smilla for her significant contributions to WTW over the past 20 years and across various key roles.
“With her strong leadership, we have achieved the integration of our solutions across people, risk and capital which has strengthened our brand in the market today. I wish Smilla all the best for her future.”