News: WTW appoints Vivek Nath as new Head of India; receives IRDAI’s approval for full ownership

Appointments

WTW appoints Vivek Nath as new Head of India; receives IRDAI’s approval for full ownership

According to the company, IRDAI’s approval will allow WTW to acquire remaining 51% shares in Willis Towers Watson India Insurance Brokers Private Limited.
WTW appoints Vivek Nath as new Head of India; receives IRDAI’s approval for full ownership

Global advisory, broking and solutions company WTW (Willis Towers Watson) has announced the appointment of Vivek Nath as WTW’s Head of India post receiving approval from the Insurance Regulatory and Development Authority of India (IRDAI) for full acquisition of Willis Towers Watson India Insurance Brokers Private Limited.

Commenting on the appointment, Clare Muhiudeen, Head of Asia, WTW, said that WTW’s business in Asia continues to grow with India being a key strategic market for them.

“As we drive our business growth in India, Vivek’s strong experience in leading the Southeast Asia and South Asia markets will be a key asset when he starts to focus on accelerating the growth of our businesses in India. He will be responsible for all WTW local businesses in India and bring together the communities of our talented colleagues in all WTW entities to collaborate and transform our business in the country,” she added.

The hiring move is part of WTW expansion in broking operation which involves close to 4,000 people. This portfolio includes HR, Benefits Advisory, Risk & Insurance consulting businesses and WTW’s Global Delivery Centers across India.

Nath boasts of a bludgeoning portfolio of more than two decades of professional services and client management experience in China, India, Malaysia and Singapore. He has held several general management positions in WTW including managing its country and business portfolios across South Asia and Southeast Asia.

Nath will be replacing Rohit Jain, who will continue to be involved in WTW India as a director on the board of WTW India Insurance Brokers Private Limited.

Commenting on his new position, Nath said,“I’m excited to be given this opportunity to lead and drive the growth of our business in India. Our clients and communities are going through significant disruptions and WTW is uniquely positioned to help organisations solve these – be it risks related to the geopolitical environment, climate change, cyber, changing healthcare delivery models and / or talent disruptions related to how and where work gets done."

He also added that India is WTW’s third largest country in terms of employee numbers after the US and UK, and therefore a significant investment for the company. Hence he is looking forward to working closely with all his colleagues to bring their One WTW proposition to life.

Nath will relocate from Singapore to Gurugram, India, in mid-2022.

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Topics: Appointments, Leadership, #MergersAndAcquisitions, #Movements

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