Oliver Wyman, a leading global management consulting firm and a business of Marsh McLennan, has appointed Paul Ricard as the new Asia-Pacific head of insurance and asset management, effective immediately.
Ricard will be responsible for driving the growth of the firm’s insurance and asset management practice across the region, according to FF News.
Oliver Wyman, renowned for its expertise in management consulting and actuarial services, operates globally with a strong presence in the Asia-Pacific region.
The company, which is part of the Marsh McLennan group (NYSE: MMC), offers strategic advisory services across multiple sectors, including insurance, asset management, and technology.
In his new role, Ricard will be based in Oliver Wyman’s Singapore office, where he will oversee operations and client relationships across Greater China, Southeast Asia, Japan, and Australia. He will lead the development of key client accounts, ensuring the firm meets the evolving needs of its regional clients.
Ricard joined Oliver Wyman in 2011 in New York, where he advised insurance leaders on large-scale growth and transformation initiatives.
His extensive experience includes hosting Oliver Wyman’s Reinventing Insurance Podcast and co-authoring industry-leading thought leadership, such as the firm’s “10 Ideas for Insurance CEOs.” His deep knowledge of the insurance and asset management sectors positions him well for his new role in the Asia-Pacific region.
Mick Moloney, partner and global head of insurance, asset management, and actuarial at Oliver Wyman, expressed his confidence in Ricard’s appointment, noting the significance of the Asia-Pacific region for the firm’s growth.
“Asia is an important growth region. We have a strong management consulting and actuarial footprint locally, and I am excited to have Paul take on this role to ensure that we are growing to meet clients’ needs.”
Ricard also shared his enthusiasm for the new role, highlighting Oliver Wyman’s unique combination of expertise in insurance, asset management, and actuarial services.
“At Oliver Wyman, we pride ourselves on our unique combination of insurance, asset management and actuarial expertise, allowing us to serve our clients in their most transformative moments. As part of Marsh McLennan, one of the world’s leading advisers on risk and insurance, Oliver Wyman is exceptionally positioned to support organizations with their strategy and operations, digital solutions, data and analytics, and large-scale technology initiatives. I am delighted to take on this new role.”
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