Willis Group Holdings has made a series of internal promotions and moves to strengthen the Willis China leadership team.
Mitchell Ma has been appointed as chairman of Willis China. He has been CEO of Willis China since it was founded in 2004.
As chairman, Ma will focus on the growth and development of the business towards its goal to become the largest risk adviser and insurance broker in China.
Lincoln Pan has been named as the new CEO of Willis China. He will move to the Willis China headquarters in Shanghai from Hong Kong, where he was executive director of Willis Hong Kong.
Pan joined Willis one year ago from Advantage Partners, Japan's leading private equity fund, where he was a principal responsible for non-Japan buyout investments
He will be responsible for the day-to-day management of the operations and work with Ma and new deputy CEO, Wise Xu, on the future strategy and business development.
Xu will focus on the management of specialist business units, placement, and Beijing operations. He is one of the founding members of Willis China.
All the changes will take effect from 26 January and are subject to regulatory approval.
Adam Garrard, regional CEO of Willis Asia, said: “This is a first-rate team that will take us to the next level in this hugely important market.”
“The business is entering an exciting new phase of growth and these changes broaden and strengthen our leadership base, combining optimal operational management with a bold drive for new business and growth.”
