WTW appoints head of financial solutions for Asia-Pacific

WTW has appointed Lee Garvey (pictured above) as regional head of financial solutions for Asia-Pacific, effective Friday.

Garvey will hold this new role alongside his existing role as leader of the Australasia Financial Solutions business, expanding his responsibilities in heading the firm’s Asia-Pacific team. Based in Singapore, Garvey 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 succeeds Fabien Conderanne, who has been appointed to run WTW’s financial solutions business in Europe and is relocating to Madrid, Spain.

Garvey will report to Stuart Ashworth, head of international, financial solutions in London.

“During this period of geopolitical upheaval, we believe our clients need our services more than ever,” Ashworth said. “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.”

Having worked with the three major insurance brokers, Garvey returned to WTW in 2021. He specialises in structured credit and political risk insurance and has extensive experience working with large corporate and investment banks, funds and private equity, mining companies and corporates. Prior to his return to WTW, Garvey headed the Lenders Solutions Group Asia business at Marsh.

“I am pleased that Lee will lead this important business for us in Asia,” said Luke Ware, head of corporate risk and broking Asia, WTW. “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 and broking business in Asia.”