Willis Group is creating a new global human capital and benefits Practice led by CEO of Willis International Tim Wright. The practice will unite all the existing employee benefits and related consulting businesses across the group.
These businesses comprise pensions and retirement planning, healthcare, group risk and life cover. They also include a range of consultative services such as compliance, data analytics, communications, wellness and human resource consulting.
The human capital business in Willis North America and the employee benefits businesses across Willis International will continue to report to their individual geographies but will also become part of the global HCB Practice. These businesses generated combined revenues of over US$500 million in 2012.
Tim Wright, CEO, Willis International, said: “The new practice will allow us to create a sense of identity and community among our human capital and employee benefits teams around the world. It will enable us to agree growth priorities, both organically and inorganically, and leverage capabilities and best practices across the Group for the benefit of our clients. The HCB practice will work closely with the geographic businesses, together with the newly-formed global industry and product practices.”
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