Willis Towers Watson has appointed Lee Garvey as head of financial solutions for Australia and New Zealand.
In this role, Garvey will be in charge of expanding the company’s financial solutions business across the Australasia region. He will also oversee the development of products like credit and non-payment insurance, political risk insurance, commercial surety, terrorism and political violence, and lenders insurance advisory. He will report to Fabien Conderanne, regional head of financial solutions, Asia Pacific, corporate risk and broking.
"We see tremendous opportunities for banks and corporates in Australia and New Zealand to benefit from our financial solutions products, particularly credit and political risk insurance,” said Conderanne. “Lee brings an invaluable experience having worked in the market for many years with large financial institutions and corporates. His expertise will undoubtedly make a difference to clients in the Australasia market."
Garvey returns to WTW, having worked for all three of the largest global insurance brokers – Marsh, Aon, and WTW. He specialises in structured credit and political risk insurance and has extensive experience working with large corporate and investments banks, funds and private equity, mining companies and corporates. Most recently, Garvey headed the lenders solutions group Asia business at Marsh.
He will initially be based in Singapore before relocating to Sydney in due course.