Oliver Wyman, a business of Marsh McLennan (NYSE: MMC) and a leading global management consulting firm, announced today that Paul Ricard has been appointed as the new Asia-Pacific Head of Insurance and Asset Management, effective immediately. 

In his new role, Mr. Ricard will drive the growth of Oliver Wyman’s Insurance and Asset Management practice in the region, leading development of key client accounts and ensuring the business is effectively serving the needs of clients in the region. He will be based in Oliver Wyman’s Singapore office and will divide his time between Greater China, Southeast Asia, Japan and Australia. 

Mick Moloney, Partner and Global Head of Insurance, Asset Management, and Actuarial, said, “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.” 

Commenting on his new role, Mr. Ricard said, “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.”

Mr. Ricard joined Oliver Wyman in 2011 in New York to advise insurance leaders on large-scale growth and transformation programs. He hosts Oliver Wyman’s Reinventing Insurance Podcast and has co-authored thought-leadership on insurance, including Oliver Wyman’s 10 Ideas for Insurance CEOs.