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CMA to acquire Willis Towers Watson’s wealth solutions business

CMA to acquire Willis Towers Watson’s wealth solutions business

Charles Monat Associates (CMA) has agreed to a management buyout to acquire 100% of the Global Wealth Solutions business of Willis Towers Watson, the global advisory, broking and solutions company, subject to regulatory approval.

CMA is one of the largest independent life insurance practices in Asia. Following the MBO, CMA will have more than 130 employees worldwide with offices in Hong Kong, Singapore, Miami, Zurich and Liechtenstein.

According to CMA’s global CEO, Yves Guélat, the management buyout will create a unique business structure for servicing the financial needs of wealthy families and businesses.

As part of the management buyout, CMA will have an arrangement with Willis Towers Watson for ongoing access to, and sales of, services and insurance products globally.

CMA has 46 years of history. 'We work with some of the wealthiest families via our offices in Asia and around the world,' said Guélat.

‘As an independent firm with an ongoing business relationship with Willis Towers Watson, we will be even better positioned to deliver wealth protection strategies catering to the very specific needs of our high net worth individual clients.'

Adam Garrard, head of international at Willis Towers Watson, also said that an ongoing business relationship with CMA will give his firm’s respective clients access to one of the most unique insurance offerings in the market.

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