WTW has expanded the role of Lee Garvey, who will take on the role of regional head of financial solutions for Asia Pacific at the beginning of July.
The firm said that Garvey, who currently leads the Australasia Financial Solutions business, will oversee the development of credit and non-payment insurance solutions, as well as political risk and crisis management insurance products for organisations in the region.
He replaces Fabien Conderanne who has been appointed to run WTW’s Financial Solutions business in Europe where he will be based in Madrid, Spain. Lee will report to Stuart Ashworth, head of international financial solutions in London.
Ashworth said in a statement: “During this period of geopolitical upheaval, we believe our clients need our services more than ever. We have ambitious plans for Asia Pacific and this appointment reflects our commitment to understanding each of our client’s businesses and helping them address the many risks that they face.”
According to his LinkedIn profile, Garvey has been with WTW since December 2020. Before that, he spent a little over eight years at Marsh where he was vice president between November 2012 and December 2020, taking on the additional role of head of lenders solutions group for Asia in January 2014.
Luke Ware, head of corporate risk and broking for Asia at WTW, added: “The risk and uncertainty faced by Asian businesses as a result of recent adverse political events, geopolitical conflicts, potential sovereign defaults, as well as non-payment of trade receivables, continues to highlight the importance of risk transfer and risk quantification. I am pleased that Lee will lead this important business for us in Asia. He brings invaluable experience having worked in the market with large financial institutions and corporates, and his knowledge and expertise will undoubtedly strengthen our Corporate Risk & Broking business in Asia.”