WTW Expands Its Presence in the Middle East with AFW Acquisition
Strengthening Regional Capabilities
WTW (NASDAQ: WTW), a global leader in advisory, broking, and solutions, is excited to announce a significant shift in its ongoing partnership with Al-Futtaim Willis (AFW) in the Middle East. This new development will see WTW fully managing the AFW operations once necessary regulatory approvals are established.
A Prosperous Journey
Pamela Thomson-Hall, WTW's Head of International, expressed gratitude for nearly five decades of collaboration with Al-Futtaim. This transition marks a pivotal moment that allows WTW to tighten its focus on strategically optimizing its global business portfolio. By assuming complete control of its Dubai and Bahrain branches, WTW aims to offer enhanced access to its specialized services for clients throughout the region.
Client-Centric Services
Eleni Lykoudi, Head of WTW CEEMEA, echoed the sentiment of partnership and mutual respect that has defined their relationship with Al-Futtaim. Through this transition, clients will benefit from a more integrated service model, aided by WTW's recent expansions into Saudi Arabia. With this integrated approach, local, regional, and global clients can leverage WTW's extensive range of insurance solutions.
Looking Ahead
Omer Elamin from Al-Futtaim reflected on the strong relationship between the two companies, emphasizing mutual respect as they explore new opportunities beyond this chapter of their partnership. This seamless partnership builds a pathway for future success and innovation.
Commitment to the Middle East
WTW's investment in the Middle East is reinforcing its commitment to long-term market presence and improved service delivery. By streamlining their operations in the region, WTW is establishing a robust framework to serve clients more effectively and efficiently.
About WTW
WTW operates globally, delivering data-driven solutions focused on people, risk, and capital management. Its expert teams serve clients in 140 countries, ensuring strategic alignment and enhanced organizational capability.
About Al-Futtaim
Al-Futtaim, founded in the 1930s, has evolved into a prominent diversified group based in Dubai. Comprising over five divisions, including automotive and health, it employs over 33,000 people across multiple regions, showcasing innovation through partnerships with leading global brands.
Frequently Asked Questions
What does WTW's ownership change mean for clients?
This ownership change allows clients to access a broader range of WTW services and expertise through enhanced management in the region.
How long has WTW worked with Al-Futtaim?
WTW has been in partnership with Al-Futtaim for nearly 50 years, building a strong relationship throughout this time.
What regions are affected by this transition?
The transition primarily impacts WTW's operations in the UAE, particularly in Dubai and Bahrain, enhancing service delivery in the broader Middle East.
What is WTW's strategy moving forward?
WTW aims to invest strategically, focusing on optimized portfolio management and expanding its capabilities in high-growth markets like the Middle East.
Who can I contact for more information?
For more information, you can reach out to Jamie Kilduff at Jamie.kilduff@wtwco.com or Emmanuel Ofosu-Appiah at Emmanuel.ofosu-appiah@edelmansmithfield.com.
About The Author
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