Willis Towers Watson has appointed Rafal Walkiewicz as CEO of Willis Capital Markets & Advisory, the firm’s investment banking business, following the departure of co-CEO Michael Guo.
Based in New York, Walkiewicz will take the reins as CEO of the investment banking business effective immediately. He joined WCMA in 2014 and was appointed as co-CEO in 2015.
Walkiewicz's confirmation as full CEO follows the departure of WCMA co-CEO Guo, who has held the position since 2015.
Guo joined Willis in 2013 as WCMA’s head of Asia, having been a partner and managing director of Boston Consulting Group.
WCMA’s Vincent Lien in Hong Kong and John Philipsz in Australia will take on joint responsibility for its Asia strategy.
Lien was appointed as managing director of Hong Kong for WCMA last month.
Dominic Casserley, president and deputy CEO of Willis Towers Watson, said: “Rafal Walkiewicz has been instrumental to the success of WCMA over the past few years and I am confident he will continue to strengthen its client offering and drive the business forward in new markets.”
“I also want to thank Michael Guo for the valuable contribution he has made to WCMA’s global footprint by further developing and broadening its client relationships and market coverage in Asia.”
Walkiewicz added: “The WCMA business model is built on the highest standard of execution combined with superior understanding of the insurance industry. With unprecedented globalisation of the insurance industry, we remain committed to our strategy in Asia to support our clients’ interests in the region as well as growing global ambitions of Asian capital.”
