Willis Towers Watson has announced a new partnership with Tricor Hong Kong, a business expansion specialist in Asia, in order to provide people and risk mitigation solutions to Tricor’s 50,000 global clients.
“For many years, Tricor and WTW shared the same commitment of delivering ground-breaking and tailored business expansion solutions to our respective clients,” said Joe Wan, Chief Executive Officer, Tricor Services Limited. “ We are thus incredibly pleased to now partner with WTW and collaboratively strengthen our business expansion offerings both in Hong Kong and throughout Asia.”
Through this new partnership, Tricor’s international clients that comprise of Fortune 500 listed companies will be able to avail of WTW’s services spanning from workforce protection to risk transfer solutions. WTW will also enable Tricor’s business solutions and companies, with mainland Chinese business footprint, in their expansion into growing markets in Asia in addition to support companies during their pre-and-post IPO processes.
“Here in Asia, disruptive technologies, increasing demographic and societal changes have surfaced new business requirements,” said Roger Steel, Managing Director and Country Head for Hong Kong and Macau, WTW. “Companies are also now facing escalating challenges, from the US-China trade war to Environment, Social and Governance (ESG) shock, and looking at ways to better manage their risks or rapidly respond to new risks and new investor demands.”
Tricor has more than 2,600 employees spread across 47 cities and 21 countries with about 1200 client companies in Hong Kong and more than 500 listed in Singapore and Malaysia. Having partnered with WTW, which has about 45,000 employees spread globally, both the companies plan to leverage each other’s expertise and expand their business footprint.