NEWS
Towers Watson takes on risk consulting & software director
19 February 2013
Category:
News, Asia, Singapore
By Asia Asset Management
Towers Watson has appointed Alan Merten as director, risk consulting & software, and a member of its Asia Pacific leadership team.
In this role, he will support the development of merger and acquisition along with management consulting services for insurance clients across the Asia Pacific region, with a primary focus on Southeast Asia. He is based in Singapore.
“The Southeast Asian region consists of a number of fast-growing and dynamic markets where insurance and financial institutions are looking for world-class consulting support to assess and grasp the opportunities,” said Mr. Merten. “When it comes to M&A and distribution deals in Asia, much of the price evaluation is about future value that can be generated, rather than the embedded value of an in-force policy book. Therefore, maximising the value of an acquired business or relationship is as important as paying a fair price.”
Mr. Merten brings nearly 30 years of experience in management, technical and consulting roles. Most recently, he was the CEO of the Indonesian subsidiary of one of the world’s largest listed life insurance and wealth management companies. As such, he is very well placed to provide sound strategic advice to and share valuable hands-on experience with insurance clients.
“The experience Alan brings is particularly valuable in the important aspect of post-transaction integration and execution. This is a crucial area where we are increasingly helping our clients,” said Mark Saunders, managing director, Asia pacific insurance sector and risk consulting & software practice leader. “Success in integration comes not just from good execution post-deal, but also from efficient detailed pre-deal and deal-stage considerations of, and expertise in planning and preparation for the optimal future of the organisation.”
“Alan has worked for the Asia Pacific insurance industry since 1985, based in Australia, Switzerland, Hong Kong and Indonesia, and has successfully led companies through both evolutionary and transformational change in dynamic, fast growth environments,” said Michael Freeman, managing director, risk consulting & software, Asia Pacific. “We are very pleased to have Alan join our highly talented team, bringing in a wealth of experience from M&A, business strategy, operational efficiency to distribution strategy and implementation.”
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