Willis Group Holdings Announces Expansion of Willis Capital Markets and Advisory
New York, NY, June 22, 2009 - Willis Group Holdings (NYSE: WSH), the global insurance broker, is
pleased to announce the expansion of the newly-formed Willis Capital Markets and Advisory through the recent
addition of eight professionals. Led by Chief Executive Officer Tony Ursano, the new division expands on
Willis' already existing capital markets capability and is focused exclusively on advising insurance and reinsurance companies
and clients on a broad array of capital markets products and mergers and acquisitions.
The new members that have joined Willis Capital Markets and Advisory are:
Derek Dillon as Managing Director and Head of Capital Markets. He was Co-Head of Equity Capital Markets and Head
of Convertibles at Banc of America Securities and worked in Equity Capital Markets at Salomon Smith
Barney during his 17-year industry tenure.
as Managing Director. He has over 30 years of experience and previously served as Managing Director in
the Financial Institutions Groups at Banc of America Securities, Credit Suisse and Donaldson, Lufkin & Jenrette.
as Managing Director. He has 12 years of experience and previously served as Managing Director with Banc
of America Securities’ Financial Institutions Group and was formerly with Merrill Lynch’s Financial Institutions Group.
as Managing Director. He was a Managing Director with Banc of America Securities’ Financial Institutions Group and
previously was with Goldman Sachs’ Financial Institutions Group during his 15 years in the financial services
as Senior Vice President. He was a Principal in the Financial Institutions Group at Banc of America
Securities and previously worked in the Financial Institutions Group at Legg Mason Wood Walker, Inc.
as Senior Vice President. He was a Principal at Banc of America Securities in the Financial Institutions
Group and was formerly with Deutsche Bank in the Financial Institutions Group.
as Vice President. He previously was an Associate in the Financial Institutions Group at Banc of America
as Analyst. He previously was with the Client Services and Investments team at UBS.
Welcoming the new
recruits to Willis,
, Group Chief Operating Officer and Chief Financial Officer, said, “Now is an excellent time for Willis
to add value in capital markets, countering the uncertainty in the world and offering solutions to
issues our clients are facing. These eight specialists will help channel the Group’s analytics and risk
modeling capabilities along with our risk management expertise to our clients, advising them on alternative ways
to manage their capital.”
“I am delighted to be joined by this group of experienced professionals
who bring both the depth of knowledge and intense client focus that are especially important during
these challenging times,” said Mr. Ursano. “This team expansion highlights Willis’ commitment to building the highest
quality capital markets and M&A advisory business, emphasizing independent and objective advice, long-term relationships and world-class
” Willis Group Holdings Limited is a leading global insurance broker, developing and delivering professional
insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities
and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with
a global team of approximately 20,000 Associates serving clients in some 190 countries. Additional information on
Willis may be found at www.willis.com.