WTW appoints APAC financial solutions head

WTW has announced the appointment of Lee Garvey as its new regional head of Financial Solutions for Asia Pacific, effective 1 July 2022.

Alongside his existing role leading the Australasia Financial Solutions business, Garvey now assumes an expanded role to lead the firm’s Asia Pacific team.

Based in Singapore, he 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. Garvey will report to Stuart Ashworth, Head of International, Financial Solutions in London.

Ashworth said, “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.”

Luke Ware, head of Corporate Risk & Broking Asia, 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… [Garvey] 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.”

Garvey has worked for all three of the major insurance brokers and 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 role at WTW, he was heading the Lenders Solutions Group Asia business at Marsh.